by select global bodies
Ranking by ‘Doing Business Project’ ( a World Bank Group)
http://www.doingbusiness.org/rankings
The Doing Business Project (World Bank Group) presents quantitative indicators on the regulatory aspects of BE that can now be compared across 183 economies.
Regulations affecting 10 stages of a business’s life are measured:
» starting a business, » dealing with licenses, » employing workers, » registering property, » getting credit,
» protecting investors, » paying taxes, » trading across borders, » enforcing contracts and » closing a business.
Data in the ‘Doing Business 2011’ report are current as of June 1, 2010.
Economy
Ease of Doing
Business Rank
Starting a
Business
Dealing with
Construction
Permits
Registering
Property
Getting Credit
Protecting
Investors
Paying Taxes
Trading Across Borders
Enforcing
Contracts
Closing a Business
Singapore 1 4 2 15 6 2 4 1 13 2
Hong Kong 2 6 1 56 2 3 3 2 2 15
New Zealand 3 1 5 3 2 1 26 28 9 16
United Kingdom 4 17 16 22 2 10 16 15 23 7
United States 5 9 27 12 6 5 62 20 8 14
South Africa 34 75 52 91 2 10 24 149 85 74
China 79 151 181 38 65 93 114 50 15 68
Egypt, Arab Rep. 94 18 154 93 72 74 136 21 143 131
Indonesia 121 155 60 98 116 44 130 47 154 142
Brazil 127 128 112 122 89 74 152 114 98 132
India 134 165 177 94 32 44 164 100 182 134
Economy Rankings (June 2010)
Now, Sub national Reports brought out by the Doing Business Project are also available in their website which compare the ease of doing business in different parts of a country.
EconomyEase of Doing
Business Rank Starting
BusinessConstruction
PermitsRegistering
PropertyPaying Taxes
Trading Across Borders
Enforcing Contract
Closing Business
Ludhiana 1 7 7 11 1 12 4 2Hyderabad 2 4 4 9 13 13 1 1
Bhubaneshwar 3 5 8 17 9 1 5 5Gurgaon 4 9 2 1 7 17 14 6
Ahmedabad 5 14 4 2 11 3 16 4New Delhi 6 1 4 7 7 14 12 6
Jaipur 7 3 13 3 2 14 7 14Guwahati 8 13 12 14 6 7 2 12
Ranchi 9 15 9 6 4 8 11 13Mumbai 10 12 17 5 4 3 17 3Indore 11 8 13 10 10 11 10 9Noida 12 6 9 12 2 16 7 16
Bengaluru 13 17 1 4 12 9 15 8Patna 14 2 9 15 15 10 2 15
Chennai 15 10 3 16 17 2 7 10Kochi 16 16 15 7 14 5 6 10
Kolkata 17 10 16 13 16 6 13 17
Ease of Doing Business: Comparison of Indian Cities
The Doing Business Project ranking information of course do not throw light on many important aspects of BE like the quality of a country’s infrastructure, size and attractiveness of its market, macroeconomic conditions and many others.
Agency: World Bank
Web site
http://rru.worldbank.org/BESnapshots/India/default.aspx
By using the information made available by different global bodies, World Bank prepares BE Snapshots to show a country’s relative ranking in the globe in terms of specific BE parameters.
# Indicator & AgencyRank
Scale Trend over past year2010 2009 2008 2007 2006
1 Business Environment Index
62 62 61
1-10
EIU - Global Outlook Report (82) (82) (82)
2 Control of Corruption Indicator 111 103 92
-2.5-2.5
World Bank Group (202) (201) (201)
3 Regulatory Quality
107 106 105
-2.5-2.5
World Bank Group (202) (200) (200)
4 Country Credit Rating 51 55 58 58
0-100
Institutional Investor (178) (174) (174) (173)
5 Index of Economic Freedom
123 116 119 130
0-100
The Heritage Foundation and the Wall Street Journal (179) (157) (157) (157)
6 Political Risk Rating (ICRG) 80 84 97 88 81
0-100
PRS Group (140) (140) (140) (140) (140)
7 Doing Business Ranking 134 135
1-1832 World Bank Group (183) (183)
8
Quality of National Business Environment Ranking
33 30
1-1272
World Economic Forum - Global Competitiveness Report (127) (111)
Global Ranking of India’s BE (2010)
World Bank’s BE Snapshots list only seven global rankings. However, rankings are done by some other organisations as listed below:
Organization Indicator
A.T. Kearney FDI Confidence Index
AccountAbility National Corporate Responsibility Index
Business Monitor Online* Business Environment Ranking
Fraser Institute Economic Freedom of the World Index
IMD* World Competitiveness Index
The Kurtzman Group Opacity Index
The PRS Group -International Country Risk Guide* Financial Risk Rating
The PRS Group -International Country Risk Guide* Economic Risk Rating
Transparency International Corruption Perception Index
UNCTAD FDI Indices
World Economic Forum – Global Competitiveness Report Growth Competitiveness Index
World Economic Forum – Global Competitiveness Report Business Competitiveness Index
Agency: weforum
Web sitehttp://www.gcr.weforum.org/
ReportGlobal Competitiveness Report
The Global Competitiveness Report’s country-rankings are based on the Global Competitiveness Index (GCI), developed for the World Economic Forum by Sala-i-Martin and first introduced in 2004.
The GCI is based on 12 pillars of competitiveness.
The pillars are: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.
The 2010 report covers 139 economies.
The survey captures a broad range of factors affecting an economy’s business climate.
The report also includes comprehensive listings of the main strengths and weaknesses of countries.
Rank Score (1–7)GCI 2010–2011 (out of 139) 51 4.3GCI 2009–2010 (out of 133) 49 4.3GCI 2008–2009 (out of 134) 50 4.3
Basic requirements 81 4.31st pillar: Institutions 58 42nd pillar: Infrastructure 86 3.53rd pillar: Macroeconomic environment 73 4.54th pillar: Health and primary education 104 5.2
Efficiency enhancers 38 4.45th pillar: Higher education and training 85 3.96th pillar: Goods market efficiency 71 4.17th pillar: Labor market efficiency 92 4.28th pillar: Financial market development 17 4.99th pillar: Technological readiness 86 3.310th pillar: Market size 4 6.1
Innovation and sophistication factors 42 411th pillar: Business sophistication 44 4.312th pillar: Innovation 39 3.6
Global Competitiveness Index
Overall assessment
• The investment climate and the competitive condition in India have shown hardly any improvement in the recent past.
• There are in fact four areas where serious attention need to be given on a priority basis to improve India’s competitive ranking and also to facilitate speedier economic development.
PRIORITY AREAS DEMANDING IMMEDIATE ATTENTION
1. Physical Infrastructure: electricity supply, roads, port infrastructure & overall connectivity
2. Controlling Corruption and improving overall governance standard.
3. Social sectors: Eradication of Poverty and Health & Education
4. Reduction of gender disparity & improving Female participation in labor force
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