Business Standard

India's ranking up 12 places in WB

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Rituparna Bhuyan New Delhi
 The world bank rankings are based on 10 indicators of business regulation that track the time and cost to meet government requirements in business start-up, operation, trade, taxation, and closure.

The icing in the cake was the fact that India emerged as the top reformer in doing trade across borders, where it ranked 79 in 2007, which is an improvement of 63 places, compared to the previous year.

Taking note of the reforms carried out in India, the report said "Traders can now submit customs declarations and pay customs fees on-line before the cargo arrives in port. It takes 18 days to meet all the administrative requirements to export  while in 2006 it took 27. The credit bureau expanded to include payment histories on businesses as well as individuals. And reformers introduced an electronic collateral registry for security.''

Hyderabad emerged as the easiest city in the country to do business while Ranchi the worst . "A hypothetical Indian city with the country

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First Published: Sep 26 2007 | 2:03 PM IST

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