Information needed to start business in India – A Factfile !

Did you know that it takes 35 days to start a business in India ? and India is ranked 134th in the world when it comes to ease of starting a business.

Here are some of the interesting facts, which I thought you might find really interesting !

Starting a business (rank) – 88
Procedures (number) – 11
Time (days)- 35
Cost (% of income per capita)- 73.7
Minimum capital (% of income per capita) 0.0

Protecting investors (rank) – 33
Extent of disclosure index (0-10) – 7
Extent of director liability index (0-10) – 4
Ease of shareholder suits index (0-10) – 7
Strength of investor protection index (0-10) – 6.0

Dealing with licenses (rank) – 155
Procedures (number) – 20
Time (days) – 270
Cost (% of income per capita) – 606.0

Paying taxes (rank) – 158
Payments (number per year) – 59
Time (hours per year) – 264
Total tax rate (% of profit) – 81.1

Employing workers (rank) – 112
Difficulty of hiring index (0-100) – 33
Rigidity of hours index (0-100) – 20
Difficulty of firing index (0-100) – 70
Rigidity of employment index (0-100) – 41
Nonwage labor cost (% of salary) – 17
Firing cost (weeks of salary) – 56 (I am not sure if this is right- but I’ll go with it as it may be involving other costs like replacement hire etc..)

Trading across borders (rank) – 139
Documents to export (number) – 10
Time to export (days) – 27
Cost to export (US$ per container) – 864
Documents to import (number) – 15
Time to import (days) – 41
Cost to import (US$ per container) – 1,244

Registering property (rank) – 110
Procedures (number) – 6
Time (days) – 62
Cost (% of property value) – 7.8

Enforcing contracts (rank) – 173
Procedures (number) – 56
Time (days) – 1420
Cost (% of claim) – 35.7

Getting credit (rank) – 65
Strength of legal rights index (0-10) – 5
Depth of credit information index (0-6) – 3
Public registry coverage (% of adults) – 0.0
Private bureau coverage (% of adults) – 6.1

Closing a business (rank) – 133
Time (years) – 10.0
Cost (% of estate) – 9
Recovery rate (cents on the dollar) – 13.0

Click here to get a pdf report for getting information on all the countries.

You can also listen to this podcast on starting a business in India