Monday, February 14, 2011

Ease of doing business in India!

Just read that in the latest economic freedom index report, India ranks among the last in the world, behind even Pakistan and  Afganistan!  And I am not surprised. It took us more than 40 days to get a company registered and I am told by my chartered accountant friends that it’s almost impossible to exit a company, even if you have never done a single transaction in its name.  

I shudder to think that there are countries that are worse than India in ease of doing business.

1 comment:

  1. Interesting! There seems to be a direct correlation between the size and prosperity of the country and ease of doing business. Bigger the country and poorer its people, more difficult it is to start or run a business.

    India needs to solve this conundrum if it really wants to grow and lose its developing nation tag.