After i complete my SharePoint 2013 setup the above mentioned warning appeared in the central administration. The solution is to run the below PS command to fix it
$serviceApp = New-SPStateServiceApplication -Name “State Service”
New-SPStateServiceDatabase -Name “StateService DB” -ServiceApplication $serviceApp
New-SPStateServiceApplicationProxy -Name “State Service” -ServiceApplication $serviceApp –DefaultProxyGroup
Senthamil 