States can grow through nurturing neo agriculture

Setting up a company depends on how business people view circumstances. Factors such as infrastructure, stamp duty laws, domestic and international connectivity, the policies of state governments, the availability of labour and talent, and the ease of obtaining licenses determine why some states attract business activities, leading to the incorporation of new companies. As a company can be incorporated in any state and function anywhere in the world, state governments must invest resources to understand why some states are better than others at attracting business.

Higher GDPs feature prominently in the list of states attracting migrants from other states. Some migrants come to start businesses, while others migrate to work in those companies. However, stark differences emerge when comparing domestic to international migration because of stringent immigration laws enforced by developed countries. Only the well-qualified or the well-off are able to emigrate to more developed countries. This is not always so for migration within India.

Please click here to read the full article by Shantanu Jindel and Vidur Prabhakar published in Indian Business Law Journal.