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