rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » World's best countries for business, India ranks at 98

World's best countries for business, India ranks at 98

December 06, 2013 08:30 IST

World's best countries for business, India ranks at 98

     Next

Next

India has been ranked 98th in the Forbes list of world's best countries for doing business that has cited poverty, corruption and discrimination against girls among the challenges facing the country.

According to the list compiled by the US publication, among the BRIC economies, Brazil was placed higher at the 80th position on the list, followed by Russia (91st), China (94th) and India (98th).

The best countries for business was determined by grading 145 nations on 11 different factors -- property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance.

Click NEXT to read more…


Image: Businessmen offer prayers to Hindu gods in front of their laptops as part of a ritual to worship the Hindu deity of wealth "Goddess Lakshmi" on Diwali.
Photographs: Amit Dave/Reuters

     Next

World's best countries for business, India ranks at 98

Prev     Next
Prev

Next

Ireland, which maintains an extremely pro-business environment that has attracted investments by some of the world's biggest companies over the past decade, topped the list, followed by New Zealand which slipped to the second position.

Click NEXT to read more…

 


Image: Pedestrian's walk past a discount store on Moore Street in Dublin.
Photographs: Cathal Mcnaughton/Reuters

Prev     Next

World's best countries for business, India ranks at 98

Prev     Next
Prev

Next

Hong Kong was third for the second straight year. Scandinavian kingdoms of Denmark (4th) and Sweden (5th) featured highly educated workforce with GDPs per capita among the highest in the world.

Click NEXT to read more…


Photographs: Reuters

Prev     Next

World's best countries for business, India ranks at 98

Prev     Next
Prev

Next

"India is developing into an open-market economy", Forbes said, adding that "the outlook for India's medium-term growth is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy".

The US business magazine noted, however, that "India has many long-term challenges that it has yet to fully address."

Click NEXT to read more…


Photographs: Reuters
Tags: India , Forbes , US

Prev     Next

World's best countries for business, India ranks at 98

Prev     Next
Prev

Next

The challenges include, poverty, corruption, violence and discrimination against girls, inefficient power generation and distribution system, ineffective enforcement of intellectual property rights, inadequate transport and agricultural infrastructure, limited non-agricultural job opportunities, inadequate availability of quality basic and higher education, and accommodating rural-to-urban migration.

 

Click NEXT to read more…


Photographs: Reuters
Tags: India

Prev     Next

World's best countries for business, India ranks at 98

Prev     More
Prev

More

In terms of trade freedom, India was ranked 128 and on monetary freedom basis it was placed at 132nd rank; property rights (55); innovation (39); technology (94); red tape (139); investor protection (32); corruption (86); personal freedom (58); tax burden (122); market performance (75).

The data for the report came from published reports from organisations like -- Freedom House, Heritage Foundation, Property Rights Alliance, Transparency International, World Bank and World Economic Forum.

 


Photographs: Reuters

Prev     More
© Copyright 2013 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.