Wednesday, July 01, 2009

Doing business is tough in India


It is the easiest to start a business in New Delhi, Jaipur and Hyderabad. But to close a business,
the easiest places are Hyderabad, Ludhiana and Mumbai. Registering property is pretty easy in
Gurgaon, Ahmedabad and Jaipur but enforcing the contract is mighty difficult.
Such wide disparity in business practices across major Indian cities is the reason why the
country is placed at a dismal 122 out of a 180-nation ranking for doing business. The World
Bank--International Finance Corporation and Confederation of Indian Industry survey is the first
of a series of sub-national reports, 'Doing Business in India'. This impacts the cost of credit,
too.
source : http://in.biz.yahoo.com/090630/50/battfa.html

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