India worse than Pakistan, Bangladesh for business

[Omar1984]

India worse than Pakistan, Bangladesh for business
​

Bangalore: The business environment in Pakistan and Bangladesh is far better than in India. According to the latest 'Doing Business Index', India's business environment has become tougher during the years compared to other nations.

Economies are ranked from one to 183 on the basis of their regulatory environment being conducive to business operations. All of India's neighbors except Afghanistan have been ranked better. While India is ranked 133, Pakistan is ranked 85th followed by Sri Lanka (105), Bangladesh (119) and Nepal(123).

"India is a consistent reformer for the past many years. A country's rank in the index is an average of 10 indicators, each with 10 percent weight in the index. India increased the number of judges in the specialized debt recovery tribunals, which led to a major removal of blockages. While India reformed in the area of insolvency, other countries reformed in more than one area," World Bank's Senior Strategy Advisor, Dahlia Khalifa told Economic Times explaining why India has been overtaken by other nations.

The 2010 Doing Business Report prepared by World Bank and the International Finance Corporation averages a country's percentile ranking on 10 topics, made up of a variety of indicators. This includes examining a country's business environment in terms of starting a business, dealing with construction permit, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business.

The first place is occupied by Singapore, which is followed by New Zealand, Hong Kong and the U.S.

To see complete rankings and report, click here:
http://www.doingbusiness.org/EconomyRankings/

 

[blueoval79]

Yup even after all that.....MNCs are running to India to set up manufacturing Facilities....selling from Cars to Refrigerators.....to almost everything in their kitty....

 

[pmukherjee]

India worse than Pakistan, Bangladesh for business
​

Cheers, good for you.

 

[blueoval79]

And the condition seems to be worsening:

EMC to invest Rs 7k cr in India in next 5 years

BANGALORE: Information management and storage major EMC Corporation on Wednesday announced that it will invest about $1.5 billion (about Rs 7,273

crore) in the country over the next five years (2010-2014) to fund its growth in the region and strengthening its R&D and services.

“India offers tremendous opportunities in innovation and market potential. EMC’s commitment of $1.5 billion over the next five years illustrates the important role India will play in the company’s long-term strategic Asia Pacific and Japan and global growth plans,” EMC executive vice-president and chief financial officer David Goulden said.

The company has also inaugurated a new R&D facility that joins R&D and EMC Global Services organisations from four separate locations across two cities into one campus. This is one of EMC’s largest R&D centres outside the US.
The incremental investment is focused on three key areas that will take EMC India to its next phase of growth — expanding R&D infrastructure at the India centre, increasing EMC global services capabilities at the centre and adding more technologists, the statement said.

“This investment is an important milestone in our journey to having world-class R&D and services organisations located in India... The consolidation of EMC’s R&D, global services and other technical groups into one location provides increased value to both our customers and partners,” EMC vice president and managing director India Centre of Excellence Sarv Saravanan said.

EMC to invest Rs 7k cr in India in next 5 years - India Business - Business - NEWS - The Times of India

 

[jaunty]

good for you. Congrats

And you for got to mention- Pakistan is even better than China(89), leave alone Russia, Croatia, Greece, Brazil.....

And one more fact from the list Bangladesh is better for business than Russia, Indonesia, Brazil and of course India.

 

[jaunty]

And the condition seems to be worsening:

EMC to invest Rs 7k cr in India in next 5 years

BANGALORE: Information management and storage major EMC Corporation on Wednesday announced that it will invest about $1.5 billion (about Rs 7,273

crore) in the country over the next five years (2010-2014) to fund its growth in the region and strengthening its R&D and services.

“India offers tremendous opportunities in innovation and market potential. EMC’s commitment of $1.5 billion over the next five years illustrates the important role India will play in the company’s long-term strategic Asia Pacific and Japan and global growth plans,” EMC executive vice-president and chief financial officer David Goulden said.

The company has also inaugurated a new R&D facility that joins R&D and EMC Global Services organisations from four separate locations across two cities into one campus. This is one of EMC’s largest R&D centres outside the US.
The incremental investment is focused on three key areas that will take EMC India to its next phase of growth — expanding R&D infrastructure at the India centre, increasing EMC global services capabilities at the centre and adding more technologists, the statement said.

“This investment is an important milestone in our journey to having world-class R&D and services organisations located in India... The consolidation of EMC’s R&D, global services and other technical groups into one location provides increased value to both our customers and partners,” EMC vice president and managing director India Centre of Excellence Sarv Saravanan said.

EMC to invest Rs 7k cr in India in next 5 years - India Business - Business - NEWS - The Times of India

Why so serious. We are not the only one behind Pakistan. The mighty China shares the same fate. So just have a laugh and move on

 

[blueoval79]

This is for some people who might find it difficult to Understand Numbers:


Doing business still not easy in India- Indicators-Economy-News-The Economic Times

India remained consistent in carrying out economic reforms but slipped a notch to 133rd rank among 188 countries in the ease of doing

business arena as other nations reformed their business environment in more ways, the World Bank and the International Finance Corporation’s annual Doing Business Report 2010 has said.

The report collected data from 19 cities including Mumbai, Ludhiana, Hyderabad, Bhubaneswar and Kochi. The one area where India took reform initiatives in the year up to June 2009 is in handling bankruptcy by appointing more judges in courts handling payment defaults, said the report.

“India is a consistent reformer for the past many years. A country’s rank in the index is an average of 10 indicators, each with 10% weight in the index. India increased the number of judges in the specialised debt recovery tribunals, that led to a major removal of blockages. While India reformed in the area of insolvency, other countries reformed in more than one area,” World Bank’s senior strategy advisor Dahlia Khalifa told ET explaining why India was overtaken by other nations in the year despite its commitment to reform.

In the meanwhile, the World Economic Forum’s latest Global Competitiveness Report for 2009-2010, based on a different set of indicators, showed India moving up one position to 49th.

The Doing Business 2010 report examined business environment in terms of starting a business, dealing with construction permit, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business.

More judges were assigned to the specialised debt recovery tribunals, enabling them to pick up the pace of resolving foreclosures. And the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002—has made it easier for courts to handle foreclosure procedures, said the report.

Ms Khalifa said India also took serious steps such as establishing inter-ministerial panels to work with a wide range of state governments towards making the environment friendlier for businesses. The report also highlighted India’s progress in the area of electronic registration of companies, which reduced costs.

For India, improving administrative efficiency and making it easier to get a construction permit are key areas where further reform measures are needed, said Ms Khalifa. “In the area of investor protection, India ranks 41st among 183 nations, while it stands at 30th in access to credit. While India can be a role model for many other nations in these aspects, it can get inspired from them in other areas,” she said.

In the ease of dealing with construction contracts, India stands at 175th position among 183rd, compared to China and Hong Kong, the easiest countries in this respect. The report also highlighted the progress made by Maharashtra in reducing property transaction cost, which did not affect its revenues.

 

[Omar1984]

good for you. Congrats

And you for got to mention- Pakistan is even better than China(89), leave alone Russia, Croatia, Greece, Brazil.....

And one more fact from the list Bangladesh is better for business than Russia, Indonesia, Brazil and of course India.

Hong Kong, CHINA is ranked #3 for business and Taiwan, CHINA is ranked # 46 for business.

I dont think you read the list carefully, it ranks ease of doing business, starting a business, dealing with construction permits, etc..
each category are given a rank.

Rankings - Doing Business - The World Bank Group

 

[jaunty]

Hong Kong, CHINA is ranked #3 for business and Taiwan, CHINA is ranked # 46 for business.

I dont think you read the list carefully, it ranks ease of doing business, starting a business, dealing with construction permits, etc..
each category are given a rank.

Rankings - Doing Business - The World Bank Group

Yeah. I did not notice that. Now I see your point.
Anyways a corrected statement would be

Pakistan is better for business than People's Republic of China, if we exclude Taiwan and Hong Kong

 

[Omar1984]

Yeah. I did not notice that. Now I see your point.
Anyways a corrected statement would be

Pakistan is better for business than People's Republic of China, if we exclude Taiwan and Hong Kong

You cant exclude Taiwan and Hong Kong from China its like excluding Mumbai out of India.

The list is very detailed, if you click on your nation, the World Bank will describe whats positive in your nation in terms of business and whats negative.

This is a ranking from World Bank, a Pakistani didnt come up with this ranking

 

[praveen]

India encourages local enterpreneurship.Local industrialists have a major stake in making business policy in India.That's why MNC's find it hard to enter India

 

[SinoIndusFriendship]

I can't believe so many people would fall for this ranking farce! It's a joke, did you guys look at it?! The ranking is nonsensical at best.

 

[jaunty]

You cant exclude Taiwan and Hong Kong from China its like excluding Mumbai out of India.

The list is very detailed, if you click on your nation, the World Bank will describe whats positive in your nation in terms of business and whats negative.

This is a ranking from World Bank, a Pakistani didnt come up with this ranking

Hey, actually Its not me, the list itself is giving different ratings to Taiwan, Hong Kong and mainland China. That's not my fault.

And the point of separating Mumbai from India does not arises as we don't have data for that.

I understand its not a Pakistani list. So my point still holds good and if you think the list is credible than you have to agree to the fact that
Pakistan is better than China (minus Taiwan and Hong Kong) for business.

You can't have selective approach to judge different countries.

 

[jaunty]

I can't believe so many people would fall for this ranking farce! It's a joke, did you guys look at it?! The ranking is nonsensical at best.

Why? Because it puts mainland china (excluding Hong Kong and Taiwan) behind Pakistan.

I am sure if it gave a higher ranking to China as compared to Pakistan it would have been very good for you too for some Bharat-bashing.

 

[IndianSuperpower]

Oh so we are to see loosing business to Pakistan in terms Indian IT to Pakistan IT industry.
Pakistani and Bangladesh companies competing Infosys.
Pakistani and Bangladesh companies competing Mahindra
Pakistani and Bangladesh companies competing TATA
Pakistani companies and Bangladesh competing Reliance
Pakistani companies and Bangladesh competing Birla.

Good to hear that. So now we will have some serious competition apart from Chinese.

Congrats to Pakistan.
See who says Indians are not friendly we provided statistics to you on our own.