India’s ranking in ease of doing business just went down a few more points. This year, India ranked 134th, among some of the most backward nations, according to the latest Ease of Doing Business report by the World Bank which analyzed various parameters in 189 countries. Last year, India was ranked at 132.
Their economies were weighed on 10 major criteria: ease of doing, 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.
India fared poorly in terms of getting credit and trading across borders. In paying taxes, the economy has improved from last year.There has been no change in the section of enforcing contracts.
Singapore still holds the numero uno position for the eighth consecutive year in the ease of doing a business category. Joining it on the top ten are Hong Kong, New Zealand, United States, Denmark, Malaysia, Korea, Georgia, Norway and United Kingdom.
Full report here.