05 August, 2014

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India Ranks Even Below to Bangladesh & Pakistan in Ease of Doing Business - A World Bank Statistics



Economy
Ease of Doing Business Rank
Starting a Business
Dealing with Construction Permits
Registering Property
Protecting Investors
Singapore
1
3
3
28
2
Hong Kong SAR, China
2
5
1
89
3
New Zealand
3
1
12
2
1
United States
4
20
34
25
6
Denmark
5
40
8
7
34
Malaysia
6
16
43
35
4
Korea, Rep.
7
34
18
75
52
Georgia
8
8
2
1
16
Norway
9
53
28
10
22
United Kingdom
10
28
27
68
10
Australia
11
4
10
40
68
Taiwan, China
16
17
7
31
34
Nepal
105
97
105
24
80
Bangladesh
130
74
93
177
22
India
134
179
182
92
34




Economies are ranked on their ease of doing business, from 1 – 189. A high ranking on the ease of doing business index means the regulatory environment is more conducive to the starting and operation of a local firm.

India has been ranked lower at 179 in terms of ease of starting a business in the 2014 list at a time when its government is making efforts to improve the country’s business climate.
The ranking of countries are based on various parameters including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.

 

Starting a Business-Comparison:


Indicator
India
South Asia
OECD*
Procedures for starting a business (number)
12
7
5
Time taken to start a business (days)
27.0
16.2
11.1
Cost (% of income per capita)
47.3
19.8
3.6
Paid-in Min. Capital (% of income per capita)
124.4
15.8
10.4
*Organization for Economic Cooperation and Development (OECD)
Even after two decades of economic reforms, India continues to falter on various Ease of Doing Business sub-indices. Against the key parameter of starting a business, India is worst off among the BRIC economies. It is in 179th position, while Russia is at 88th, Brazil at 123rd and China at 158th.




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