Sunderblogger.129
subject: Political reforms in India.
Situation: India, low At 134 positions [183 in the world list]
Due to: High cost of doing business in India, stemming from procedural complexity designed to yield rent for those who wield power. The paper work and formalities involved in starting a business in India is ranked at a poor 165. Worse, when it comes to enforcing contracts, our rank is put at a scandalous second-last or 182/183, which isunchanged still.
Solution: A more transparent, business-like regulatory regime would boost investment and enterprise, and augment the quality of economic growth. We need hassle-free procedure to boost business activity. Overall, strengthening transparency and efficiency of commercial dispute resolution, and improving bankruptc procedures would pay rich dividends. The bottom line is the pressing need to revamp and
reform the business environment across the board.
Your views, suggestions, or comments are most welcome.
Best Wishes!
Sunder Thadani
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