Published in:
Hindustan Times
Pubished on:
16 Mar 2016
The World Bank’s 2016 edition of Doing Business (DB) analysed the health of 189 economies based on detailed diagnostics, measuring regulatory quality and efficiency. In overall Easeof DoingBusiness,India ranked 130th, a discernible improvement from 142 in the 2015 report. Even the 130th slot falls below some Saarc countries — Bhutan ranks 77th, Nepal 99th, Sri Lanka 107th. For starting a business, India takes 29 days on average and ranks 155th — New Zealand at the top of that table takes just half a day. Singapore takes 26 days to issue a construction permit — India takes 191.5. For obtaining an electric connection, South Korea takes 18 days, India takes over 90.