34. 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
40. 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
41. What do the Trading Across Borders indicators measure?
54. Ranking of India in Protecting investors –compared to good practice and selected Economies
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57. The Following Graph illustrates the protecting investors index in India compared to best practice and selected economies
58. 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.
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60. 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.