India Ranks 98th on Forbes List of Best Countries For Doing Business

India ranks a worrisome 98th in the latest Forbes list of world’s best countries for doing business. The ranking was concluded 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 here for more information about India Ranks 98th on Forbes .

Top 5 countries:

  • Ireland: 1
  • New Zealand: 2
  • Hong Kong: 3
  • Denmark: 4
  • Sweden: 5

Worst performers:          Best Countries For Doing Business                             

  • Guinea: 145
  • Chad: 144
  • Myanmar: 143
  • Zimbabwe: 142
  • Angola: 141

BRICS:

  • Brazil: 80
  • Russia: 91
  • China: 94
  • South Africa: 41

South Asia:

  • Bhutan 124
  • Bangladesh 122
  • Nepal 120
  • Pakistan 108
  • Sri Lanka 83
  • India’s challenges- as cited by the survey:
  • 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

India’s Ranking on other indicators:

Trade Freedom: 128, Monetary Freedom: 132′ Property Rights: 55, Innovation: 39, Technology: 94, Red Tape: 139, Investor Protection: 32, Corruption: 86, Personal Freedom: 58, Tax Burden: 122, Market Performance: 75.

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