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Doing business in india Report- World Bank Survey
 

Doing business in india Report- World Bank Survey

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    Doing business in india Report- World Bank Survey Doing business in india Report- World Bank Survey Presentation Transcript

    • Doing Business in India and Comparison with China and ASEAN
      Group 4
    • Doing Business Report
      • World Bank Study started in 2004.
      • Purpose of the report.
      • Covered 183 Nations in 2011
      • Benchmark product – Global acceptance.
      • Influence Policy makers world wide.
      • Importance for developing Countries.
    • Doing Business Report - Parameters
      Starting/ Closing Business
      Trading across borders
      Credit and Investment
      Property and Construction
      Taxes
      Contracts
    • Ease of Doing Business – Global Trends
    • Ease of Doing Business – Global Rank.
    • 5 year Measure of cumulative change
    • Doing Business Report - Parameters
      Starting Business
      Trading across borders
      Credit and Investment
      Property and Construction
      Taxes
      Contracts
    • Starting Business
      • Setting up a limited liability company in the economy.
      • Importance and example of Egypt and Malaysia.
      • Sub indicators
      1. No. of Procedures
      2. Time to complete
      3. Cost as % of per capita
      4. Min. Paid up Capital
      • Case of S Asia and India
    • Starting Business – Global ranking
    • Starting Business – Comparison
    • In Developing Economies:
      • Compiling with building regulations is so costly in time & money, that many builders opt out.
      Builders either:
      Pay Bribes to pass inspections, OR
      Build illegally that leads to hazardous construction
      • Formal property transfer is too complicated & costly
      Steps involved in Property transfer:
      • To Purchase a property from another business.
      • Transfers the property title to the buyer’s name.
      • In the past 6 years,105 economies undertook 146 reforms to make the property transfer easy.
      Globally:
      • Time to transfer fell by 38%
      • Cost of transfer by 10%
    • Starting Business – India Vs S Asia
    • Paying Taxes
      Taxes are essential to provide public amenities, infrastructure and services which are important for the proper functioning of an economy.
      Doing business data shows that where it is more difficult and costly to pay taxes have larger shares of informal sector activity.
      More than 60% of economies have reformed in the last 6 years and are starting to see concrete results e.g. Columbia, Mauritius
    • What do the Paying Taxes indicators measure?
    • Benchmarking paying taxes regulations
    • India Vs China and ASEAN
      Source : http://www.doingbusiness.org/rankings
    • Historical Data
    • Trading Across Borders
      Making trade easier between countries is increasingly important for business in today’s globalized world.
      Excessive document requirements, burdensome customs procedures, inefficient port operations and poor infrastructure lead to extra costs and delays for exporters and importers.
      On the other hand, tools such as electronic data interchange systems, risk-based inspections and single windows help improve an economy’s trading environment.
      E.g. Georgia and Korea
    • What do the Trading Across Borders indicators measure?
    • Benchmarking Trading Across Borders Regulations
    • India Vs. China and ASEAN
      Source : http://www.doingbusiness.org/rankings
    • Historical Data
    • Historical Data cont…
    • Getting Credit
    • Ranking of India in Getting credit –compared to good practice and selected Economies
    • Getting Credit Sub indicators in India Over the Past 4 Years
    • Protecting Investors
    • Ranking of India in Protecting investors –compared to good practice and selected Economies
    • The Following Graph illustrates the protecting investors index in India compared to best practice and selected economies
    • Enforcing Contracts in India
      One of the key concerns of foreign investors to enter India.
      Excessive political control and regulations.
      Business climate varies between india’s 30 states.
      Anti – industry movements have thwarted many foreign investments.
    • Reality Figures
      It takes almost 46 legal proceedings to be carried out in a payment dispute.
      Average time taken is 1420 days.
      Costs the company almost 40% of the claim.
      Results into bribery and scams.
      Restricts companies to bring new product,service or innovation.
    • Closing of Business
    • Closing of Business- Global Ranks
    • Closing of Business India Vs S Asia
    • Recommendations
      • Changing Policies and Regulations to be more investor friendly
      • Focus on production with efficiency.
      • Responsibility from Bureaucratic to Professionals.
      • Political and Social consensus on Foreign Investments.
      • Minimizing Corruption, increasing transparency.
    • Thank you
    • Questions.