Hyderabad – best place to do business in India
Adopt Jaipur's regulations on starting a business, Bhubaneshwar's rules on contract enforcement and taxes, and Chennai's trade practices to your city’s style of business and see what happens. India will jump 55 places in the ease of Doing Business rankings.
Doing business became easier in India and Pakistan in 2005-2006, according to a new regional report released by the World Bank, entitled Doing Business in South Asia 2007.
++ Hyderabad has the most business-friendly regulations.
++ Mumbai is in 11th place, ahead of Kolkata.
++ Karachi is at the top in Pakistan, while Dhaka ranks best in Bangladesh.
India is not really the best country to do business in. Nepal and Pakistan are better ranked. The top ranked countries:
++ Maldives (53)
++ Pakistan(74)
++ Bangladesh (88)
++ Sri Lanka (89)
++ Nepal (100)
++ India (134)
++ Bhutan (138)
++Afghanistan (162).
The report finds that entrepreneurs in South Asia face large regulatory obstacles to doing business. For example, it takes 18 months of salary, on average in the region, to dismiss a redundant worker. More than a year (425 days) is needed to register property in Bangladesh.
Taxes are high: a standard company in India pays 81% of commercial profits in taxes, while in Pakistan, it takes 560 hours per year to comply with all tax regulations.