Reforms Taken By Government of Kerala in Improving Ease of Doing Business

S. Thampi¹

Section:Research Paper, Product Type: Journal-Paper
Vol.8 , Issue.2 , pp.63-69, Feb-2022

Online published on Feb 28, 2022

Copyright © S. Thampi . This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
 

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Abstract :
The Ease of Doing Business, published by the World Bank, has been created to evaluate the impact of reforms in the respective countries on making it easier to do business. It provides 10 indicators. Based on these parameters, empirical research has been done to evaluate the performance of these countries. Economies are ranked from 1 to 190. A high Ease of Doing Business score indicates that the regulatory climate is more conducive to beginning a business. The industrial sector requires assistance. This is an area where the government should play a key role in ensuring grassroots reforms. According to the World Bank`s "Doing Business" report 2020, India has risen from 130th place in 2015 to 77th place in 2019. According to the 2018 report, Kerala is only in the 21st position. Improvements to the ease of doing business will aid in recruiting more investors to the state. As a result, it is vital to investigate the reforms implemented by the Kerala government in order to improve the business environment. The government of Kerala has been taking various steps to improve the ease of doing business in the state. On the basis of secondary sources, it is found out that the Kerala government has introduced schemes and policies such as UAM, PMMY, Entrepreneur Support Scheme, KSWIFT, ReLIS, SANCHAYA for online tax payments, Vyavasaya Jalakam, etc., to ease doing business in Kerala. The government has also made numerous changes to legislation to make conducting business easier. Kerala improved in eight aspects, with two areas still requiring attention from policymakers.

Key-Words / Index Term :
Ease of Doing Business, Amendments to laws and Acts, reforms, MSME, Kerala

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