India Ranks Sixth as Worst Country for Business

By siliconindia   |   Thursday, 24 November 2011, 02:21 IST   |    6 Comments
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6. India:

One of the superpower economy in the world has also made into the list because of corruption in government offices. Bribe is the major reason as for establishment of business a person has to give millions of money and the court takes at least 4 years to activate the contract.  Even the real estate suffers in this country because of huge delay in issuing a construction permit. There are recent issues where India has been fighting against political and government scandals have piled up $39 billion revenue which also created a public dissatisfaction with the politicians.  The unsocial environment has not hampered the reputation of the country when it comes to foreign investment. UNCTAD predicted India as a home for second largest population in world and also listed the country in the top 5 attractive destinations for international investors over 2010-12.