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The budding Turks
Raj K Pathak
The Budding Turks: Doing business needs to be made easy 06 November, 2011
The World Bank report 'Doing Business 2012', rates India poorly on indicators of business environment. According to the Doing Business report, India ranks 132th out of 183 countries on conducive business environment.

I OFTEN interact with budding and young entrepreneurs at various business conferences I regularly attend. Many of them confide in me that they have been asked for bribes in order to obtain licences or permits from government officials and many of them are convinced that most companies are involved in bribery to acquire government contracts.

On one hand the government acknowledges the role played by entrepreneurs in development of Indian economy and has initiated several ambitious schemes to unleash entrepreneurship on the country and on other hand  it seems to make it difficult for budding entrepreneur to start or sustain a business successfully.

The World Bank report ‘Doing Business 2012’, rates India poorly on indicators of the business environment. According to the Doing Business report, India ranks 132 th out of 183 countries on conducive business environment. When it comes to “Doing Business” India world’s fastest emerging economy may learn few tips from its neighbours ie Pakistan and Sri lanka. 

 DOING BUSINESS 2012 Rank

Indicators of  Ease of Doing Business in India

India

Srilanka

Pakistan

Activity

Procedure

Days

132

89

105

Starting a business

12 days

29 procedure

166

38

90

Dealing with licenses

34 days

227 procedure

181

111

104

Registering property

5 days

44 procedure

97

161

125

Getting Electricity

7 days

67 procedure

98

95

166

Paying taxes

33 payments per year

254 hours per year

147

173

158

Enforcing contracts

 

46 procedures

1420 days 

182

136

154

Export

8 Documents to export

16 days time to export

109

53

75

DB 2012 Rank. www.doingbusiness.org as on 5 Nov, 2011.

The least the government can do to encourage a conducive business environment is to ensure simplified startup processes; improve delivery time; reduce corruption and collate informational needs of start-ups.

Editorial NOTE: This article is categorized under Opinion Section. The views expressed in this article are solely those of the author and do not necessarily represent the views of merinews.com. In case you have a opposing view, please click here to share the same in the comments section.
About The Author
Mr. Raj K Pathak has been passionately promoting entrepreneurship through various media platforms for over two decades and is well known for conceptualizing and producing India's first Television show titled BUSINESS MANTRA for small business and entrepreneurship. Connect with the columnist: pathak560@gmail.com
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