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India ranks 42nd in the list of riskiest nations to do business
By siliconindia
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Monday, 27 December 2010, 20:21 IST |
3 Comments
Bangalore: The Global Risks Index by Maplecroft in 2010 has brought out a list of the world's riskiest nations to do business in and India has ranked 42nd in the list. Somalia is considered the riskiest country to do business in. Followed by Congo, Zimbabwe, Sudan and Myanmar ranked second, third, fourth and fifth positions respectively. Pakistan is ranked as 12th riskiest place.
However, India's rating, for instance, reflects a poor record in terms of speeding up reforms process, labour laws, increased risk of terrorism, high vulnerability to climate change impacts, a low capacity to contain disease, plus high levels of poverty, water and food insecurity.
Some of the major risks that global corporations face are macroeconomic risks, poverty, rule of law, resource security, vulnerability to climate change, terrorism, conflict, natural disasters, human rights violations, and risks from pandemics and infectious diseases.