Sept. 10 – India slipped to 133 in the World Bank’s “Doing Business Index” this year.
The country’s downward movement in the index denotes that the business environment in India has become tougher when compared to rest of South Asian. Also in, among the ease of business parameters, which included time, cost, procedures and paid in minimum capital of starting a business, India fell by three spots to the 169.
Among South East Asian countries, India ranks lowest with the exceptions Pakistan and Afghanistan. Singapore occupies the top position in doing business index.
India has improved in the “Closing a Business” category. In years past, closing a business in India was quite burdensome and involved a great number of legal and accounting procedures. Streamlined administrative procedures have helped simplify the process.
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India Briefing is one of five regional publications under the Asia Briefing brand. It is supported by Dezan Shira & Associates, a pan-Asia, multi-disciplinary professional services firm that assists foreign investors throughout Asia, including through offices in Delhi, Mumbai, and Bengaluru in India. Dezan Shira & Associates is part of the Ascentium Group, a global business services platform with over 2,900 professionals across 58 cities in 27 markets, strengthening the firm's on-the-ground ability to support clients across Asia and globally.
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