Doing Business Report 2007: India Highlights

The Doing Business report provides a global ranking of 175 world economies on the ease of doing business and reforms. The report is co-sponsored by the World Bank and the International Finance Corporation (IFC), the private sector arm of the World Bank Group.

• India, as leading reformer in South Asia, has taken over the top spot from Pakistan. It has implemented reforms to simplify business registration, cross-border trade, and payment of taxes, as well as easing access to credit and strengthening investor protection.
• Although the reforms improved India’s ranking over last year’s report, it still ranks relatively low at 134 and lies 41 places after China—which is reforming at a faster pace than India.
• India cut the time to start a business from 71 to 25 days and reduced the corporate income tax rate from 36.59% to 33.66%.
• A Supreme Court decision made enforcing collateral simpler—easing access to credit.
• New risk management procedures in customs lowered import time by two days and exports by nine days.
• And reforms to stock exchange rules toughened investor protections

 

More Information on Doing Business in India

Rankings for Other South Asian Countries:
Afghanistan | Bangladesh | Bhutan | Maldives | Nepal | Pakistan | Sri Lanka

More Information on Doing Business in South Asia

Doing Business Website: www.doingbusiness.org

Regional South Asia Press Release:
Doing Business 2007: India and Pakistan are Top Reformers in South Asia, but the Region Ranks Last in Pace of Reforms (pdf)

Main Press Release:
Doing Business 2007: Business Becomes Easier Worldwide; African Nations Push Through Regulatory Reforms

The Doing Business project is based on the efforts of more than 5,000 local experts – business consultants, lawyers, accountants, government officials, and leading academics around the world, who provided methodological support and review. The data, methodology, and the names of contributors are publicly available online at www.doingbusiness.org .