Published in:
The Indian Express
Pubished on:
29 Feb 2016
“Doing Business: Measuring Regulatory Quality and Efficiency”, the annual report of the Bank, evaluates regulations that enhance business activity and those that constrain it. It studies 11 areas of the life of a business. These cover the spectrum from starting a business, obtaining necessary permissions, getting credit, protecting minority investors and taxes to enforcing contracts and resolving insolvency.
Presenting these indicators in quantitative terms, it compares and ranks 189 economies from one to 189. A high ease-of-doing-business ranking (say, one) implies that the regulatory environment, relative to other countries, is conducive to the starting and operation of a local firm.