New Delhi, Sept.14 (ANI): India continues to be a tough place for doing business even as the country has improved regulator processes for starting enterprises and trading across borders, according to World Bank.
In terms of ease of doing business, India is ranked 142nd among 189 countries in the latest rankings issued by the World Bank.
Singapore is at the top position, followed by New Zealand. Hong Kong SAR (China) is at the third spot. Other nations in the top 10 are Denmark (4th), Korea Republic (5th), Norway (6th), the US (7th), the UK (8th), Finland (9th) and Australia (10th).
A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. The rankings are determined by sorting the aggregate distance to frontier scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. The rankings for all economies are benchmarked to June 2014. (ANI)