India is 132nd out of 185 in Ease of Doing business

Overall, India has a pretty bad record in the ease of doing business.  Out of a total of 185 countries, India ranks 132 in a World Bank study!  This page has the tables for overall competitiveness and key indicators for each topic as well as benchmarks against regional and high-income economy (OECD) averages.

As one can see the situation of India is pretty bad.  While it take 27 days to start a business in India, the South Asia average is 19 days.  Things like obtaining a VAT account online and Tax accounts take anywhere from 7-10 days EACH!  Everything adds up here.  And, this is besides the bribes and other kinds of humiliation one has to go through if one has a large capital to invest.  Then the greed of the politicians and administration just doesn’t stop anywhere.

Doing Business Chart

 

 

Get Drishtikone Updates
in your inbox

Subscribe to Drishtikone updates and get interesting stuff and updates to your email inbox.

Leave A Reply

Your email address will not be published.

Get Drishtikone Updates
in your inbox

Subscribe to Drishtikone updates and get interesting stuff and updates to your email inbox.