India ranks 97th on Forbes’ best countries for business list

[prasad1]

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India has ranked a low 97th out of 144 nations, behind Kazakhstan and Ghana, on Forbes’ annual list of the best countries for business in 2015, scoring poorly on metrics like trade and monetary freedom and tackling challenges like corruption and violence.
Denmark topped the list of the 144 nations on the Best Countries of Business in 2015 list by Forbes.
The US has dropped four spots to number 22, continuing a six-year descent since 2009 when it had ranked second overall.
The US is the financial capital of the world and its largest economy at USD 17.4 trillion (China is second at USD 10.4 trillion), but it scores poorly on monetary freedom and bureaucracy/red tape, Forbes said.
India is ranked 97th on the list, with Forbes saying that while the country is developing into an open-market economy, traces of its “past autarkic policies” remain.
“The outlook for India’s long-term growth is moderately positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy.”

http://www.thehindu.com/business/in...usiness-list/article7999517.ece?homepage=true

 

[yesmohan]

Comments from :

Opposition parties : We are shocked to find the name of India even behind tiny countries...............
Ruling party : Elephant might take a lot of time to turn around; If it turned around then you would find................
Media : India misses century in a narrow margin.............

 

[CHANDRU1849]

Whenever comparisons are made lime human rights, freedom of expression, investment etc. , and India finds a low score, population and size have not been taken into account in all such cases and quite naturally, the findings may give a distorted picture.

 

[yesmohan]

Whenever comparisons are made lime human rights, freedom of expression, investment etc. , and India finds a low score, population and size have not been taken into account in all such cases and quite naturally, the findings may give a distorted picture.

Yes. of course there is a maxim that "do not compare incomparable".

If I invest Rs.10/- and earn Rs 10/- , I would end up with 100% profit. Another one who earns Rs 250/- with a capital of Rs. 1000/- makes only 25% profit.
To a vast nation like India having a huge population, even 6 to 8% growth per annum and sustaining it, is a very good performance.