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Five Worst Countries To Start Business
By siliconindia
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1 Comments
India
With a GDP of $1.73 trillion and FDI of $24.6 billion, India is the world’s fourth largest economy and sees a quarterly GDP growth of around 7.5 percent. But, the stories of corruption in the government have become so rampant in India that it is ranked as the second worst country in the world to enforce a business contract. Also, it is ranked 70 by World Audit Corruption. When it comes to enforce a business contract through India’s courts, it takes nearly four years to do so, and for dealing with construction permits, more than seven and half months to get one.
