India has always been regarded as a place where doing business is complicated in the wake of multiplicity of applicable laws and plethora of authorities and departments to deal with. The costs, number of procedures and time involved in setting up and running a business in India are the major demotivators for investments in India.
As per the Ease of Doing Business (‘EODB’) index created by World Bank where 190 economies are evaluated, India ranked 131 in 2016. EODB index indicates how easy or difficult it is for a local entrepreneur to open and run a small to medium-size business when complying with relevant regulations. A high EODB ranking means the regulatory environment is more conducive for starting and operating of businesses.
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