India Ranks Sixth as Worst Country for Business

By siliconindia   |   Thursday, 24 November 2011, 02:19 IST   |    6 Comments
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9. Russia:

One of the world’s fastest growing economies, Russia is also in the list. The country is the sturdiest place for business as to get an electricity connection it takes around 10 months. The electricity bills in Russia are one of the lowest amongst other European countries. The industry experts suggest the country to increase the price of electricity to re fund that money on the sector which will lead to fast growth. Lack of electricity in the nation has led to serious accidents and in last Christmas there was a total blackout in Moscow which suspends airplanes and people without current. The cross border trading is not that prevalent in the country. Russia takes longer times for export which compared to other OECD countries. Russia at present is the largest economy that it not a part of WTO.