India ranks 132nd in ease of doing biz among 185 economies, reports World Bank. The country continues to be a tough place for doing business even as the country has improved regulator processes for starting enterprises and trading across borders, according to World Bank and IFC.
NEW DELHI – India continues to be a tough place for doing business even as the country has improved regulator processes for starting enterprises and trading across borders, according to World Bank and IFC.
In terms of ease of doing business, India is ranked 132nd among 185 countries. The nation’s position for 2013 is unchanged from 2012.
Singapore is at the top position, followed by ‘Hong Kong SAR, China’ at second place and New Zealand at third spot. Other nations in the top 10 are the US (4th), Denmark (5th), the UK (7th), Norway (6th), Korea (8th), Georgia (9th) and Australia (10th).
India is the lowest ranked among BRIC nations. Brazil (130th), Russia (112nd), China (91th) and ‘Taiwan, China” (16th). India is also below neighbouring Pakistan (107th) and Nepal (108th). Titled ‘Doing Business 2013 Smarter Regulations for Small and Medium-Sized Enterprises’, the report said that local entrepreneurs in developing countries are finding it easier to do business than at any time in the last ten years.
