23.10.04

89 Days to Setup a Business in India

Wonder what's keeping India from becoming major econonmy like China, try this:


A joint survey by the World Bank and the Confederation of Indian Industry (CII) states that it takes 89 days to start a business in India, as opposed to 2 days in Australia, 5 in the US and 41 in China.

This is mainly due to the inspector raj' that is still all pervasive despite extensive measures taken to eradicate it in the past decade.

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