Industry

India slips three spots in ease of doing business

India continues to rank lowest in the World Bank’s ranking on the ease of ‘Doing Business’ for 2014.

India is now ranked at 134 against 131 in 2013. It is now placed lower than Brazil, Russia, China and South Africa. The survey-based report carried out by the CII in association with KPMG focused on a few key parameters such as starting a business, land acquisition, taxation and contract enforcement.

Releasing the report, CII Director General Chandrajit Banerjee said: ``The objective was to underscore the areas of business regulation that need attention; highlight a few effective and efficient processes already prevalent in some states that could be emulated by others; and advocate for adoption of more efficient and effective practices.’’ Out of the 10 parameters, India improved its position regarding dealing with construction permits and paying taxes. However, it slipped on other parameters such as starting a business, getting electricity, registering a property, getting credit, protecting investor, trading across borders and resolving insolvency. The survey calls for improvement in a number of areas to better the business climate, particularly around land acquisition, starting a business, taxation and contract enforcement.

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Printable version | Oct 20, 2020 6:04:04 PM | https://www.thehindu.com/business/Industry/india-slips-three-spots-in-ease-of-doing-business/article6026229.ece

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