Posted by Prem on Saturday, December 03, 2011 | Tags : Equity Valuation
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World Bank's Doing Business report ranks countries in the rank of 1 to 183 based on their ease of doing business. A high ranking means the regulatory environment are more conducive to start and operate a business in that country. This index averages the country's percentile ranking on 10 topics, each given equal weights. The 10 criteria considered are - ease of starting a business, dealing with construction permit, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and resolving insolvencies.
The best country, as per World Bank's report to do business is Singapore, followed by Hong Kong, New Zealand, and the USA. Denmark and Norway have taken the rank of fifth and sixth respectively, and UK is at the seventh place followed by South Korea, Iceland, and Ireland.Saudi Arabia is at 12th place and is ahead of Australia, Germany and Japan. China is at 91st place.
India is at 132th position just above Nigeria. What surprised much about this report is that Ethiopia, Nepal, Egypt, Kazakhstan, Pakistan, Mongolia, Serbia are much much ahead of India. Compared to last report, where India was ranked at 139th position, this year, the ranking has increased by 7.
Investors can access World Bank's Doing Business report by visiting their site.