India Slips Down on Doing Business Index
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.
- Previous Article India Considers Possible Free Trade Agreement with Turkey
- Next Article Mercedes-Benz to Offer Localized Trucks