India continues to be a tough place for doing business even as the country has improved regulator processes for starting enterprises and trading across borders, according to World Bank. In terms of ease of doing business Index, India is ranked 142nd among 189 countries in the latest rankings issued by the World Bank.
Singapore is at the top position, followed by New Zealand. Hong Kong SAR (China) is at the third spot. Other nations in the top 10 are Denmark (4th), Korea Republic (5th), Norway (6th), the US (7th), the UK (8th), Finland (9th) and Australia (10th).
he rankings are determined by sorting the aggregate distance to frontier scores on 10 topics, each consisting of several indicators, giving equal weight to each topic.
A nation’s ranking on the index is based on the average of 10 subindices:
- Starting a business
- Dealing with construction permits
- Getting electricity
- Registering property
- Getting credit
- Protecting investors
- Paying taxes
- Trading across borders
- Enforcing contracts
- Resolving insolvency
Ease of Doing Business Index 2015 covers regulations measured from June 2013 through June 2014 in 189 economies. The report marks the 12th edition of the Doing Business series.
- The ease of doing business index is an index created by the World Bank Group.
- Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights
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