**specials.rediff.com/money/2008/oct/06sld1.htm
Best nations to do business in; Pak ahead of India**
October 06, 2008
India slipped two notches to 122nd rank, below neighbours, including Nepal, Bangladesh and Pakistan in the ‘Doing Business Report 2009’ recently prepared by the International Finance Corporation and the World Bank.
The report, which ranks the country on the basis of ease of doing business has placed Nepal at 121st position, Bangladesh at 110th place and Pakistan at 77th place in the overall ranking.
The 2008 report had ranked India at 120th position, while Pakistan was at 74th place.
The report, examining regulations and how they affect business, ranks 181 economies on the overall ease of doing business.
The report also looks at countries’ progress in making regulatory reforms that enhance business operations.
To know more about 10 best countries to do business, read on:
India; Rank: 120
India has the world’s fourth largest gross domestic product at $4.726 trillion. India’s per capita income is $977.
Indian economy is among the fastest growing in the world and the country also has the world’s second largest labour force.
However, the ongoing financial sector crisis in the United States and its repercussions on developed markets worldwide result in lower capital inflows into India, it is feared.
And this in turn is expected to slow down investment growth in the months ahead.
With the Indian economy exhibiting distinctive signs of slowdown, Indian economists predict a real growth rate of 7 per cent for the current financial year.
The Doing Business Report said it takes 30 days to set up a business in India, 73 in Bangladesh and 38 in Sri Lanka.
Interestingly, the report added that an entrepreneur can start a business in 9 days in Afghanistan and Maldives, and in 24 days in Pakistan.
Now President Zardari has got something to impress World Bank and Investors.