World biz and more as seen from India

Friday, September 16, 2005

Enterpreneur's hell

Thinking about starting a business in India? Wait and think again. According to a World Bank study, India ranks pretty low in the table of "Ease of doing business". Countries like Pakistan, Ghana, Israel, Kiribati (I had never even heard of this country) !!!

The final scrore given to a country was an average of various areas of boind business like getting a license, getting loans etc. India was lowly rank of 116 out of 150 countries studied. But dont misinterpret these finding. This table is not an indication of how successful businesses in these countries are. This study stressed more on the process of starting/running a business and not on the profitability. New Zealand was ranked as the easiest place to do business and Republic of Congo was the last one on the list.