Countries Where You Can Easily Start a Business

By SiliconIndia   |   Thursday, 29 August 2013, 09:36 Hrs   |    1 Comments
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Bangalore: India lost one of the biggest foreign investments lately. World's largest steel maker ArcelorMittal scrapped its $12 billion (50, 000 crore) steel plant in Odisha.



Another blow is expected from the major steel manufacturer, Posco who is planning to pull out of a $5.3 billion steel mill project in Karnataka due to delays in securing land and opposition from residents.



Though government is trying hard to cheer the investments but the macro-economic disputes of sluggish economy, high interest rates, unhealthy FII inflows, higher CAD concerns and many more negative factors have made the country most unattractive industrial destination today.



However, Global Innovation Index 2013 has ranked countries where it's easiest to start a business, reports rediff.com. Read on to know where India stands in the global ranking.



10. Madagascar
Score (0–100): 95.50



Agriculture employs more than 70 percent of the labour force in the country and the sources of growth are tourism; textile and light manufacturing exports, agricultural products and mining.



Since the mid-1980s, Madagascar has run sizeable balance-of-payment deficits. With a score of 95.50 out of 100, Madagascar holds the 10th position among world’s most favored business destinations.



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