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Ahmedabad has been rated as the most favourable destination for small businesses in India followed by Bangalore and Mumbai, according to a joint report by consultancy firm Ernst & Young (E&Y) and retail solutions provider, Franchise India.
The report titled 'Top 100 Cities for Small Business in India' identifies 100 cities, big and small, that have the potential to start and galvanise the growth of small businesses.
According to the report, states such as Gujarat, Maharashtra and Andhra Pradesh have been relatively more proactive towards providing the fitting stratosphere for the prolific growth of small business.
Among the top 10 cities are Ahmedabad, Bangalore, Mumbai, Hyderabad, Delhi, Chennai, Surat, Faridabad, Jaipur and Gurgaon. "SMEs contribute about 8-9 per cent of India's GDP.
The report highlights some essential pre-requisites while starting a business like demography, infrastructure, retail activity, entrepreneurship and ease of doing business," Franchise India's President Gaurav Marya said.
The essentials included dealing with construction permits, employing workers, registering property, getting credit and paying taxes, he said.