India up 12 spots in ‘Ease of doing business’

INV12sptsIndia now ranks 130 out of 189 countries in the ease of doing business, moving up 12 places from last year, according to a World Bank report. Singapore remains the easiest place to do business, while developing countries stepped up their pace of business-friendly reforms in the past year.

New Zealand remained in the number-two position, followed by Denmark (3), South Korea (4), Hong Kong (5), Britain (6) and the United States (7). Sweden moved up a notch to number eight, switching places with Norway. Finland kept its 10th place.

China is ranked 84 and Pakistan is at 138th place.