India ranks 134th globally in ease of doing business:-
India ranked a lowly 134 in the ease of doing business index, but implemented the most number of business regulatory reforms in 2012-13 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.
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.
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