December 2010
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India among 40 most Improved Economies: World Bank Report


New Delhi: India is one of the 40 “most-improved economies” that made significant changes in business regulation at a steady pace in 2009 to make it easier for firms to operate, according to a new World Bank report.

Since 2005, India has implemented 18 business regulation reforms in seven areas, creating more opportunities for local firms, according to the “Doing Business 2011: Making a Difference for Entrepreneurs” report.

Many of the reforms focused on technology-implementing electronic business registration, electronic filing for taxes, and online submission of customs forms and payments, the report notes.

India comes in at number 134 out of the 183, one rung higher than last year's 135.

 
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