|
|
Forbes lowers India’s rank to 75th in doing business |
|
23/03/2009 |
| India has been ranked 75th in a list of 127 countries for doing business, falling from its 64th rank by as many as 11 positions, according to a Forbes report.
Each country is ranked on the basis of business climate for entrepreneurs, investors and workers.
At the top for the second year in a row is Denmark, while the US has moved up by two positions to rank second.
Canada and Singapore have moved up four spots each to number three and four, respectively.
Other countries in the top 10 this year include New Zealand, the UK, Sweden, Australia, Hong Kong and Norway.
China has moved ahead of India to the 63rd position in this year’s list, up from its 79th spot last year, primarily due to improvements in areas like innovation and investor protection.
India is ranked 107th in terms of monetary freedom, 90th on red tape basis and 54th on the personal freedom front.
The rankings for India are, however, better at 30th each on the basis of investor protection and innovation and 44th on intellectual property rights.
In terms of GDP growth, India ranks 14th among these 127 countries with a growth rate of 7.3 per cent, while China is fourth with 9.8 per cent growth. |
|
|
print
this page
