360° Coverage : India ranks 134th in ease of doing business

1 Updates
India ranks 134th in ease of doing business
Photo Credit: , Getty Images

India ranks 134th in ease of doing business

Oct 29 2013, 12:06am CDT | by IANS

Washington, Oct 29 (IANS) India ranked a lowly 134 in the ease of doing business index, but implemented the most number of business regulatory reforms in 2012-13 reforms in the South Asian region.

Washington, Oct 29 — India ranked a lowly 134 in the ease of doing business index, but implemented the most number of business regulatory reforms in 2012-13 reforms in the South Asian region. A new...

Filed under: news

Tweets

 
 
 

1 year ago

India ranks 134th in ease of doing business

Oct 29 2013, 12:06am CDT | by IANS

Washington, Oct 29 (IANS) India ranked a lowly 134 in the ease of doing business index, but implemented the most number of business regulatory reforms in 2012-13 reforms in the South Asian region.

Washington, Oct 29 — India ranked a lowly 134 in the ease of doing business index, but implemented the most number of business regulatory reforms in 2012-13 reforms in the South Asian region.

A new World Bank Group released Tuesday also finds that India has made an improvement of 0.5 percentage points in what is called "the distance to frontier" measure with a range between 0 and 100, with 100 representing the best performance or the frontier.

India's "distance to frontier" in 2013 was 52.7 as against 52.3 in 2012.

The report also finds that six of eight economies in South Asia completed 11 reforms simplifying the process of starting a business, strengthening access to credit, or easing the process for paying taxes.

Since 2005, all economies in the region have implemented business regulatory reforms in the areas measured by Doing Business.

Together, the eight economies recorded 75 reforms. India implemented the most number of reforms in the region with 17 reforms during this period, followed by Sri Lanka with 16.

But Sri Lanka claims the region's highest spot in the global ease of doing business ranking, at 85 out of 189 economies.

Among the BRICS economies - Brazil, the Russian Federation, India, China, and South Africa - Russia made the most progress.

Singapore tops the global ranking on the ease of doing business. Joining it on the list of the top 10 economies with the most business-friendly regulations are Hong Kong, China; New Zealand; the US; Denmark; Malaysia; South Korea; Georgia; Norway; and Britain.

The report found that governments around the world significantly stepped up their pace of improving business regulations in 114 economies last year - an 18 percent jump from the previous year.

It is the 11th in a series of annual reports on the ease of doing business, and it documented 238 business regulatory reforms worldwide last year.

IANS

Source: IANS

 
Update
1

Tweets

 
 
 

blog comments powered by Disqus

Latest stories

Comcast Terminates Merger Agreement with Time Warner
Comcast Terminates Merger Agreement with Time Warner
It is official. Comcast announced that there will be no Time Warner deal.
 
 
Starbucks Stores to reopen Today after Computer Outage
Starbucks Stores to reopen Today after Computer Outage
Starbucks, Evolution Fresh and Teavana Tea Bar all suffered a drastic computer outage and shut down early Friday night to deal with the on-hand crisis to open up shop on Saturday.
 
 
Microsoft and Yahoo announce new Search Deal with Big Changes
Microsoft and Yahoo announce new Search Deal with Big Changes
Bing is now the #2 search engine with 20% marketshare behind Google. On the heel of this news, Microsoft and Yahoo announce a new search deal.
 
 
Bloomberg Terminals go down affecting Traders Worldwide
Bloomberg Terminals go down affecting Traders Worldwide
Bloomberg terminals went down in London and affected the traders dealing on the terminal worldwide.