There is a fair bit of work happening in regard to governance ratings, internationally.
The challenge is to find out what is useful to INVESTORS, and prepare such a set of indicators for Indian state governments. In addition, investors are interested in more fine-grained information regarding, for instance, facilities available to expats and their children. The indicator I am talking about is specifically designed to assist INVESTMENT decisions in different states in India.
African Development Bank
The full book for 2011: http://www.oecd.org/document/33/0,3746,en_2649_33735_43714657_1_1_1_1,00.html
2011: Government at a glance (PDF)
2009: Government at a glance (PDF)
Governance Indicators (Wikipedia)
Public Governance Indicators: A Literature Review (Department of Economic and Social Affairs, UN, 2007) PDF
Rating Governance in Australia by Ken Coghill, Mohamed Ariff, On Kit Tam and Linda Wilkins PDF
The Politics of Governance Ratings by Christiane Arndt, International Public Management Journal, Vol. 11, Iss. 3, 2008
From a UN bibiography – most of this is not of much use for my specific purpose. I'll remove irrelevant references from this list, time permitting.
GENERAL GOVERNANCE INDICATORS LITERATUREBesançon, Marie. (September 2003). Good Governance Rankings: The Art of Measurement. World Peace Foundation. [PDF]Berg-Schlosser, Dirk. Indicators of Democratization and Good Governance as Measures of the Quality of Democracy – A Critical Appraisal. Institute of Political Science. Philipps University. Acta Politica, Volume 39, Number 3, September 2004 , pp. 248-278(31)Bollen, Kenneth A & Pazton, P. (2000). Subjective Measures of Liberal Democracy. Comparative Political Studies, Vol 33 No. 1, 58-86.
Bovaird, Tony (2003). Introduction & Evaluating the quality of public governance: indicators, models and methodologies. (PDF)Bowman, Kirk, Lehoucq, Fabrice & Mahoney, James (2005). Measuring Political Democracy: Case Expertise, Data Adequacy and Central America. Comparative Political Studies. Vol. 38 No 8. October 2005. (PDF)Busse, Matthias, Rouslan Jalilov, George Danielidze & Jenny Heithaus. (2004). Measuring Human Development and Gender Inequality: The HDI and GDI. Globalization and Human Development.
Camerer, Marianne (2006). Measuring Public Integrity. Journal of Democracy. Vol 17. No. 1. January 2006.
Herrera, Javier, Mireille Razafindrakoto & François Roubaud. (2005). Governance, Democracy and Poverty Reduction: Lessons drawn from household surveys in sub-Saharan Africa and Latin America. DIAL. http://www.dial.prd.fr/dialpublications/PDF/Doctravail/2005-12 english.pdfHyden, Goran, Julius Court & Kenneth Mease. (August 2002). Measuring Governance: Methodological Challenges. United Nations University – World Governance Survey Discussion Paper 2. http://www.odi.org.uk/wgagovernance/Docs/WGS-discussionPaper2.pdf
Hyden, Goran, Julius Court & Kenneth Mease. Making Sense of Governance: Empirical Evidence from Sixteen Developing Countries. ODI. Lynne Rienner Publishers. http://www.odi.org.uk/publications/governance.htmlKaufmann, Daniel, Francesca Recanatini & Sergiy Biletsky. (June 2002). Assessing Governance: Diagnostic Tools and Applied Methods for Capacity Building and Action Learning. The World Bank. http://www.worldbank.org/wbi/governance/assessing/pdf/kaufrecanbiletassessing.pdfKnack, Stephen, Mark Kugler & Nick Manning. (2003). Second-Generation Governance Indicators. International Review of Administrative Sciences. 69, 345-364. http://ras.sagepub.com/cgi/reprint/69/3/345Knack, Steve & Mark Kugler. (October 2002). Constructing an Index of Objective Indicators of Good Governance. PREM Public Sector Group. World Bank. http://www.bellanet.org/indicators/docs/2ndGen.Index(11.05.02).doc?ois=yes&template=bla nk.htmKovach, Hetty, Caroline Neligan & Simon Burall. Global Accountability Report 2003. One World Trust. http://www.congo‑Landman, Todd & Julia Häusermann. (2003). Map-Making and Analysis of the Main International Initiatives on Developing Indicators on Democracy and Good Governance. University of Essex – Human Rights Centre. Commissioned by EUROSTAT. http://www.democraticaudit.com/download/Eurostat.docLinder, Anja & Carlos Santiso. (2003). Assessing the Predictive Powers of Country Risk Ratings and Governance Indicators. SAIS Working Paper Series. http://www.saisjhu.edu/workingpapers/WP-02-02b.pdfMalik, Adeel. (2002). State of the Art in Governance Indicators. Occasional Paper. Human Development Report Office.Molutsi, P. (2002) Tracking Progress in Democracy and Governance around the World: Lessons and Methods. International IDEAMunck, Gerardo L. (2003). Measures of Democracy, Governance and Rule of Law: An Overview of Cross-National Data Sets.http://lnweb18.worldbank.org/ESSD/sdvext.nsf/68ByDocName/Munck/$FILE/Munck+Paper.p df#search=' Measures%20of%20Democracy%2C%20Governance%20and%20Rule%20of%2 0LawNahem Joachim & Sudders, Matthew (2004). Governance Indicators: A Users Guide. http://www.undp.org/oslocentre/docs04/UserGuide.pdfNorris, Pippa. (To be published 2006). Governance Indicators (Chapter 3) in Driving Democracy: Do Power Sharing Institutions Work, for publication by Cambridge University Press.Rotberg, Robert I. & Deborah L. West. (2004).The Good Governance Problem: Doing Something About It. World Peace Foundation Reports. 39. http://bcsia.ksg.harvard.edu/BCSIAcontent/documents/WPF39.GovernanceRanking.pdfRotberg, Robert I. (2004). Strengthening Governance: Ranking Countries Would Help. The Washington Quarterly. 28, 71-81.http://www.twq.com/05winter/docs/05winter rotberg.pdfScott, Chris & Wilde, Alexandra. (May 2006). Measuring Democratic Governance – A framework for selecting pro-poor and gender sensitive indicators. UNDPUSAID. (1998). Handbook of Democracy and Governance Program Indicators. Centre for Democracy and Governance.Vanhanen, Tatu. (2000) A New Dataset for Measuring Democracy, 1810-1998. Journal of Peace Research, Vol. 37, No. 2, 251-265Whitehouse, Chris. The Ants and the Cockroach: A Challenge to the Use of Indicators. with response paper by Thomas Winderl. http://www.mande.co.uk/docs/Indicators%20- %20The%20Ants%20and%20the%20Cockroach. pdfWorld Bank. (December 2002). Toward More Operationally Relevant Indicators of Governance. Prem Notes. No.49 http://www1.worldbank.org/prem/PREMNotes/premnote49.pdfGOVERNANCE INDICATORS LITERATURE BY THEMEHuman RightsAndreassen, Bård Anders & Hans-Otto Sano. (2004). What’s the Goal? What’s the Purpose? Observations on Human Rights Impact Assessment. Norwegian Centre for Human Rights. http://www.humanrights.uio.no/forskning/publ/rn/2004/0204.pdfFilmer-Wilson, Emilie. (June 2005). An Introduction into the Use of Human Rights Indicators for Development Programmes. http://www.undg.org/documents/6135-An Introduction into the Use of Human Rights Indicators for Development Programmes. docKapoor, Ilan. (July 1996). Indicators for Programming in Human Rights and Democratic Development: A Preliminary Study. CIDA. http://www.acdicida.gc.ca/INET/IMAGES.NSF/vLUImages/HRDG/$file/INDICENG.pdfKaufmann, Daniel, Aart Kraay & Pablo Zoido-Lobaton. Aggregating Governance Indicators (1999). http://www.worldbank.org/wbi/governance/pdf/aggind.pdfKaufmann, Daniel. (March 2004). Human Rights and Government: The Empirical Challenge. http://www.worldbank.org/wbi/governance/pdf/humanrights.pdfKirby, Michael. (January 1998). Human Rights Indictors. Law and Justice Foundation New South Wales.Landman, Todd. (March 2006). Indicators for Human Rights Based Approaches to Development in UNDP Programming – A Users Guide. UNDP http://www.undp.org/oslocentre/docs06/HRBA%20indicators%20guide.pdfLandman, Todd. (November 2001). Measuring Human Rights and the Impact of Human Rights Policy. University of Essex. Conference on Human Rights Impact Assessment. http://privatewww.essex.ac.uk/~todd/Measuring%20Human%20Rights%20and%20the%20I mpact%20of%20Human%20Rights%20Policy.pdf#search='Measuring%20Human%20Right %20and%20the%20Impact%20of%20Human%20Rights%20Policy'Landman, Todd. (November 2002). Measuring Human Rights: Principle, Practice, and Policy. University of Essex. http://privatewww.essex.ac.uk/~todd/M-HRlandman.pdf#search='Measuring%20Human%20Rights%3A%20Principle%2C%20Practice% 2C%20and'Office of the UN High Commissioner for Human Rights. (2005). Assessing the Effectiveness of National Human Rights Instruments.http://www.ichrp.org/paperfiles/125p01.pdf#search='Assessing%20the%20Effectiveness %20of%20National%20Human%20Rights%20Instru ments'Sano, Hans-Otto & Lone Lindholt. (2000). Human Rights Indicators: Country data and methodology 2000. The Danish Institute for Human Rights. http://www.humanrights.dk/upload/application/c05c487f/indicator-full.pdfTheis, Joachim. (2003). Rights-based Monitoring and Evaluation. A Discussion Paper. Save the Children.http://seapa.net/external/special/reports/Rightbased.pdfSida/ Overseas Development Institute. (2000). The Evaluability of Human Rights and Democracy Projectshttp://www.odi.org.uk/pppg/activities/conceptsanalysis/RightsInAction/Publications/SIDAEv aluation. pdf#search='Planning %20and%20Assessing %20Human %20Rights%20Projects%3A'Stiftung, Böll Heinrich. (October 2005). Monitoring Implementation of the Right to Water: A Framework for Developing Indicators. Global Issues Paper. http://www.boell.de/downloads/global/righttowaterindicators.pdfThe Danish Institute for Human Rights. Human Rights Indicators. http://www.humanrights.dk/departments/international/PA/Concept/Indicato/Ind2000/The World Bank –NSF. The Cingranelli-Richards (CIRI) Human Rights Database. http://ciri.binghamton.edu/Thede, Nancy. (2000). Human Rights and Statistics – Some Reflections on the No-Man’s Land Between Concept and Indicator. Rights and Democracy. http://www.ddrd.ca/frame2.iphtml?langue=0&menu=m01&urlpage=/english/commdoc/prelease1/burmaoc t18. htmTheis, Joachim. (April 2003). Rights-based Monitoring and Evaluation: A Discussion Paper. UNDP. (2000).Using indicators for human rights accountability. Human Development Report. Chapter 5. http://www.undp.org/hdr2000/english/book/ch5.pdfWurth, Anna & Frauke Lisa Seidensticker. (2005). Indices, Benchmarks, and Indicators: Planning and Evaluating Human Rights Dialogues. http://files.institut-fuermenschenrechte.de/488/d44v1file438eb21f40c35FLSAWHRDialoguesNov2005A4.p dfJusticeArmytage, Livingston. Devising Measures to Evaluate Judicial Reform. Brief. http://content.undp.org:80/go/practices/governance/Oslo-PublicDocuments/download/?d id=359116&g11n.enc=ISO-8859-1&src=govFeld, Lars P. & Stefan Voigt. (February 2002). Economic Growth and Judicial Independence: Cross Country Evidence Using a New Set of Indicators. European Journal of Economic Policy. http://www.isnie.org/ISNIE03/papers03/voigt.pdfHenderson, Keith, Violaine Autheman, Sandra Elena, Luis Ramirez-Daza & Carlos Hinojosa. (2003). Indicators for a State of the Judiciary Report: A Standardized Tool for Monitoring and Reporting on the Implementation of Key Judicial Reforms. IFES. http://www.ifes.org/publication/cab5bffb47f27e78d813aae5184b3d84/StateoftheJudiciary Report Indicators EN.pdfLa Salle Institute of Governance. (October 2003). Background Paper on Access to Justice Indicators in the Asia-Pacific Region. La Salle Institute of Governance – UNDP. http://content.undp.org:80/go/practices/governance/Oslo-Public‑Documents/download/?d id=359097&g11n.enc=ISO-8859-1&src=gov
The Access Initiative. (August 2004). Introductory Note Draft Access to Justice Indicators: Indicators For Review And Pilot Testing.UNODCCP. (May 2001). Investigating the Links between Access to Justice and Governance Factors: An Objective Indicators’ Approach. UNODCCP http://www.unodc.org/pdf/crime/gpacpublications/cicp13.pdfUNSTAT. (2003). Manual for the Development of A System of Criminal Justice Statistics. UN Department of Economic and Social Affairs Statistics Division. http://unstats.un.org/unsd/publication/SeriesF/SeriesF89E.pdfVargas, Carmen. (March 2002). Development of Indicators for Access to Justice. Power Point presentation. http://www.undp.org/governance/cd/documents/54.pptVera Institute of Justice. (April 2005). Justice Indicators. Vera Institute of Justice. http://www.undp.org/oslocentre/docs05/cross/Justice%20Indicators%20Background%20Pap er.pdfVera Institute of Justice. (November 2003). Measuring Progress toward Safety and Justice: A Global Guide to the Design of Performance Indicators across the Justice Sector. Vera Institute of Justice.Decentralisation, Local and Urban GovernanceBracegirdle, Peter. (2003) International Experience in Municipal Performance Measurement Paper presented at the 3rd International Conference on Decentralization organized by the Center for Local and Regional Governance at the University of the Philippines. http://unpan1.un.org/intradoc/groups/public/documents/APCITY/UNPAN017423.pdf#search= 'international %20experience%20in %20mun ici pal%20performance'Foneska, Leo. (2000). Indicator Tools for Assessment and Analysis of City Governance. World Bank Institute Urban and City Management Program. http://www1.worldbank.org/wbiep/decentralization/Library11.htmKaufmann, Daniel, Frannie Léautier & Massimo Mastruzzi. (2004). Governance and the City: An Empirical Exploration into Global Determinants of Urban Performance (Discussion Paper). http://www.worldbank.org/wbi/governance/pdf/govcity.pdfSoos, Gabor. Tocqueville Research Center. (2001). Indicators of Local Democratic Governance Project http://lgi.osi.hu/publications/2001/22/IOLDG.PDFUrban Management Programme (2000). Assessing Urban Governance – Citizens’ Report Cards. http://www.serd.ait.ac.th/ump/newsletter99vol2%20no3.pdf#search='Opportunities%20and %20Challenges%20in%20Assessing%20Governance%20and%20Human'Westfall, Matthew & Victoria, de Villa. (2001). Urban Indicators for Managing Cities. Asian Development Bank.http://www.kas.de/upload/dokumente/megacities/ADB.pdf#search='urban%20indicators%20 for%20managi ng%20cities'ParliamentFish, Steven M. Stronger Legislatures, Stronger Democracies. (January 2006). Journal of Democracy, Vol. 17. Number 1. January 2006. http://www.journalofdemocracy.org/articles/gratis/Fish-17-1. pdf#search='stronger%20legislatures%20fish'Parliamentary Centre. Indicators of Parliamentary Performance in the Budget Process. http://www.parlcent.ca/indicators/budgetprocesse.phpWehner, Joachim & Winnie Byanyima. (2004). Parliament, the Budget and Gender. IPU, UNDP, UNIFEM & WBI.GenderBeck, Tony. (June 1999). Gender Sensitive Indicators: A Reference Manual for Governments and Other Stakeholders.http://www.thecommonwealth.org/sharedaspfiles/uploadedfiles/%7BD30AA2D0-B43E405A-B2F0-BD270BCEFBA3%7D ugsi ref.pdfCorner, Lorraine. (April 2005). Gender-sensitive and Pro-poor Indicators of Good Governance. UNDP Oslo Governance Centre.Huyer, Sophia & Gunnar Westholm. “Chapter Five – Collecting Gender-Disaggregated Data: Case Studies and Models.” Policy Toolkits in Gender, Science and Technology. UNESCO – GAB. http://gstgateway.wigsat.org/ta/data/Ch5.htmlJutting, Johannes P & Morrison, Christian (March 2006). Measuring Gender (In)Equality: Introducing the Gender, Institutions and Development Database (GID). OECD Working Paper No. 247.Klasen, Stephan. (November 2004). Gender-related Indicators of Well-being. Ibero-America Institute for Economic Research.Social Watch Research Team (2005). Gender and Poverty: A Case of Entwined Inequalities. http://www.socialwatch.org/en/informeImpreso/pdfs/genderpoverty2005eng.pdfCorruptionAnand, Swamy, Knack, Stephen, Lee Young, and Omar, Azfar. Gender and Corruption (August 2000)Berg, Erland (2001). How Should Corruption be Measured. London School of Economics. http://members.lycos.co.uk/eberg/measuringcorruption.pdf#search='How%20Should%20C orruption%20be%20Measu redCamerer, Marianne (2006). Measuring Public Integrity. Journal of Democracy. Volume 17, Number 1, January 2006, National Endowment for Democracy and the John Hopkins University Press.Doig, Alan & McIvor Stephanie. National Integrity System Assessment (NISA): Qualitative Versus Quantitative Corruption Measurement http://www.gu.edu.au/centre/kceljag/nisa/doig.pdf#search='corruption%20measurement'Galtung, Fredrik. (2005). Measuring the Immeasurable: Boundaries and Functions of (Macro) Corruption Indices. Tiri. http://www.tiri.org/documents/boundaries.pdfHungarian Gallop Institute (1999). Basic Methodological Aspects of Corruption Measurement: Lessons Learned From the Literature and the Pilot Study. http://www.unodc.org/pdf/crime/corruptionhungaryrapidassess.pdf#search='corruption% 20measurement'Knack, Stephen & Azfar Omar. (2000). Are Larger Countries Really More Corrupt. The World Bank and University of Maryland.http://wdsbeta.worldbank.org/external/default/WDSContentServer/IW3P/IB/2000/12/15/000 094946 00111605302947/Rendered/PDF/multi page.pdfPicci, Lucio (2005). Corruption Measurement and Control: Towards a Unified Approach. Paper prepared for the IV Global Forum on Fighting Corruption. Brasilia, Brasil, June 2005. http://didattica.spbo.unibo.it/picci/brasilia.pdf#search='corruption%20measurement'Reinikka, Ritva & Jakob Svensson. (June 2003). Survey Techniques to Measure and Explain Corruption. Utstein Anti-corruption Resource Centre. http://www.u4.no/document/showdoc.cfm?id=97Seligson, Mitchell A. The Measurement and Impact of Corruption Victimisation: Survey Evidence from Latin America (2006). World Development Vol. 34. No. 2, pp381-404. http://sitemason.vanderbilt.edu/files/gTPvBm/Seligson%20The%20Measurement%20and%2 0Impact%20of%20Corruption%20World%20Development%202005. pdfUNODC. (June 2004). The Anti-corruption Tool Kit. http://www.unodc.org/unodc/corruptiontoolkit.htmlVan de Walle, Steven. Decontaminating Subjective Corruption Indicators (2005). Instituut voor de Overheidhttp://perswww.kuleuven.ac.be/~u0025631/pdf/ethicsconfVandewalle.pdf#search='Deconta mi nating%20Subjective%20Corruption %20IndicatorsAccess to InformationGreen, Andrew & Jay Verkuilen. (2000). Democracy, Non-Profits and Information: Comparing Quantile and OLS Regression.http://www.igpa.uillinois.edu/publications/workingPapers/WP86- democracy.pdf#search='Democracy%2C%20Non Profits%20and%20Information%3A%20Co mparing%20Quantile%20and%20OLS%20Regression'Puddephatt, Andrew. (April 2006). A Guide to Measuring the Impact of Right to Information Programmes. UNDP.http://www.undp.org/oslocentre/docs06/A%20Guide%20to%20Measuring%20the%20Impac t%20of%20Right%20to%20Information%20Programmes%20-%20final%20(11%2004%2006). pdfThe Access Initiative. (2003). Assessing Access to Information, Participation, and Justice for the Environment.Evidence Based Policy MakingCourt, Julius & Young, John (2004). Bridging Research and Policy in International Development: An Analytical and Practical Framework. RAPID Briefing Paper 1, Overseas Development Institute (ODI).http://www.odi.org.uk/rapid/Publications/Documents/rapidbp1web.pdf#search='Bridging% 20Research%20and%20Policy%20in %20International%20Development%3A%20An%20Anal ytical %20and%20Practical%3 B%20Framework'Crewe, Emma & John Young. Bridging Research and Policy: Context, Evidence and Links. ODI. Working Paper 173. http://www.odi.org.uk/publications/workingpapers/wp173.pdfLaforest, Rachel & Michael Orsini. Toward Evidence Based Politics: Implications for the Relationship between Public Servants and the Voluntary Sector. http://faculty.arts.ubc.ca/campbell/sog-conf/papers/sog2004-laforest-orsini.pdfSanderson, Ian. (October 2000). Complexity, Evaluation and Evidence-Based Policy. European Evaluation Society.http://www.europeanevaluation.org/docs/71sanderson.pdf#search='evidencebased%20poli cy%20maki ng%20governanceScott, Christopher (March 2005). The Role of Statistics in Evidence-based Policy-making. http://siteresources.worldbank.org/DATASTATISTICS/Resources/MeasuringUptotheMeas urement Problem. pdf#search='The%20Role%20of%20Statistics%20in%20Evidencebased% 20Policymaking'Start, Daniel & Hovland, Ingie (2004). Tools for Policy Impact: A Handbook for Researchers. Overseas Development Institute (ODI).http://www.odi.org.uk/RAPID/Publications/Documents/Toolshandbookfinalweb.pdf#searc h='Tools%20for%20pol icy%20impact%3A%20a%20handbookSutcliffe, Sophie & Court, Julius (2006). A Toolkit for Progressive Policymakers in Developing Countries.ODI. http://www.odi.org.uk/Rapid/Publications/Documents/EBPtoolkitweb.pdfGOVERNANCE RELATED INDEXES, DATABASES & DATASETSAfrobarometer Surveys. http://www.afrobarometer.org/surveys.html Centre for Global Development. Commitment to Development Index. http://www.cgdev.org/section/initiatives/active/cdiBertelsmann Stiftung. The Bertelsmann Transformation Index http://www.bertelsmanntransformation-index.de/37.0.html?&L=1Centre for Public Integrity. Public Integrity Index. http://www.publicintegrity.org/ga/ii.aspxCentre for the Study of Civil War. Governance Datasets. http://www.polarizationandconflict.org/Conflict Early Warning Systems (CEWS). Conflict Database. http://www.usc.edu/dept/LAS/ir/cis/cews/htmlpages/conflictdatabase.htmCenter for International Development and Conflict Management (CIDCM). Polity IV Project: Political Regime Characteristics and Transitions, 1800-2003 http://www.cidcm.umd.edu/inscr/polity/Center for International Development and Conflict Management (CIDCM). State Failure Problem Set. http://www.cidcm.umd.edu/inscr/stfail/CIVICUS Civil Society Index. http://www.civicus.org/new/default.aspCommittee to Protect Journalists. Attacks on the Press. http://www.cpj.org/ East Asia Barometer. http://eacsurvey.law.ntu.edu.tw/Elections Process Information Collection (EPIC) Project. http://www.epicproject.org/ Eurobarometer (EB). http://www.gesis.org/en/dataservice/eurobarometer/Freedom House. (2005). Freedom of the Press 2005.http://www.freedomhouse.org/research/pressurvey/fop05.pdfFreedom House. Annual Survey of Freedom. http://www.freedomhouse.org/research/survey2005.htmHavard University, John F Kennedy School of Government. (Pippa Norris). Sharad Global Democracy Datasets.Henisz University of Pennsylvania. The Political Constraint Index (POLCON) Dataset. http://www-management.wharton.upenn.edu/henisz/POLCON/ContactInfo.htmlInternational IDEA & Stockholm University. Global Database of Quotas for Women. http://www.quotaproject.org/International IDEA and Essex University – State of Democracy project http://www.idea.int/democracy/International Crisis Group. CrisisWatch Database. http://www.crisisgroup.org/home/index.cfm?id=2937&l=1#C1International Institute for Strategic Studies. Armed Conflict Database. http://www.iiss.org/showpage.php?pageID=25International Parliamentary Union. Women in Politics Bibliographic Database. http://www.ipu.org/bdf-e/BDFsearch.aspIREX. Media Sustainability Index. http://www.irex.org/msi/Yale University (Cheibub, José Antonio), Classifying Political Regimes: A Six-fold Classification of Democracies and Dictatorships.Kurtzman Group. The Opacity Index. http://www.pwcglobal.com/extweb/ncsurvres.nsf/docid/22CA0D19E1D97D8A80256BA300353 91BLatinobarometro. http://www.latinobarometro.org/Minorities at Risk Data Set. CIDCM. http://www.cidcm.umd.edu/inscr/mar/about.aspMetagora – Tools and Frameworks for Measuring Democracy, Human Rights and Governance Project. http://www.metagora.org/html/index.htmlReporters Without Borders. 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As Indian voters becomes more outcome-focused (although there is still a lot of caste-consciousness), there is now an increasing opportunity for better-governed states to attract more investment, creating more jobs, thus enhancing re-election prospects.
I tried to look around for possible studies that may throw light on various aspects of investment friendliness, but couldn't find many. The few indicators I found through a quick search are listed below. I'd like to invite your expert input on any indicator that I've missed listing here, or any other related thoughts.
I also believe there is a commercial opportunity for a company that consolidates such information and provides it publicly to potential foreign (and domestic) investors. Such a company could gain considerable clout on the Indian landscape by compelling Indian state governments to improve their performance. I'm happy to get involved in such an opportunity since I'm now looking to return to India full time in the next year or so.
S&P's credit rating agency rates each nation, India ranks fairly poorly in this regard:
S&P's rates states in some countries as well, for instance in Australia. It doesn't do that in India since Indian states don't directly borrow money from credit markets. It would be nice if some other agency worked out a broadly similar fiscal performance indicator for Indian states.
Bibek Debroy, Lavleesh Bhandari and Swami Aiyar have published a comparative economic freedom index in 2011. They consider a wide range of variables. This is perhaps the most authentic state-comparison to date in India. However, on matters of corruption and governance, there is significant opportunity to improve this index.
I contacted Transparency International India and was referred to this study. Its key findings are provided below. Unfortunately, this is not exactly what I had in mind. But such studies cost a lot of money. I'm not sure whether there is anyone willing to fund such studies.
Wikipedia has such a comparison.
Wikipedia provides the following data:
|State/union territory||2009 GDP per capita (in US dollars)|
|Andaman and Nicobar Islands Territory||2,132|
|Dadra and Nagar Haveli Territory||1,050|
|Daman and Diu Territory||947|
|Jammu & Kashmir||828|