Tuesday, July 14, 2009

Hyderabad among best cities to do business in India

The Doing Business Project created its first sub national report fully dedicated to India this year. Here are a couple of the reports main findings:
  • Doing business is easier in Ludhiana, Hyderabad, and Bhubaneshwar. It is more difficult to start and operate a business in Kochi and Kolkata.
  • Cities in India do well on the number of procedures required to register property - on average, only 5 procedures are needed. This performance ranks the average Indian city at 47th out of 181 economies.
  • There are a lot of good local practices and cities can learn from each other. If a city in India were to adopt all best practices that already exist in the seven areas covered by the report, it would rank 67th out of 181 economies, improving India’s global ranking by 55 positions.