Ease Of Doing Business

World economy is growing at pace and every country is in race of being financially strong. A Proper planning and strategies are in place to form a strong economy by every country. A strong base of businesses and revenues defines a strong economy, that’s why ease of doing business determines the strength and ranked of economies.

Recently International Finance Corporation, the private sector lending arm of World Bank conducted a survey and released a ranking list of 185 countries on the basis of ease of doing business. Below are few important points of this ranking:

High ranking in the index shows the encouraging approach of regulatory body in starting and operation of a local business. Index averages country’s percentile rankings on 10 topics by growth indicators and giving equal weight to each topic. Percentile rankings of all economies are benchmarked to June 2012.

Singapore is at top in the list of ease of doing business consecutive seven years following by Hong Kong, New Zealand and United States as 2^nd, 3^rd, and 4^th position respectively, where India stands at position 132. Neighboring countries of India, whom usually we underestimate Sri Lanka (81), Maldives (95), and Bangladesh (129) holds better position than India.

The main parameter to index this survey is “How conducive the regulatory body of any country in formation of a business.”

Even though having a huge number of skilled manpower, still this condition of Indian economics turns out a point of concern.

Here is the Ranking Table:

Economy Ranking Data: Ease Of Doing Business