Published in:
Business Standard Column
Pubished on:
2 Nov 2014
The time taken to start a business is the first factor that World Bankconsiders in its report on ease of doing business. India was at 158th position this year (2015) compared to 156th last year (2014). According to the latest report, it takes almost 30 days to incorporate a company in India. This is an increase of three days compared to last year's average time of incorporation (27 days).
The government is talking about reducing the average number of days to register a company from 27 to 1. However, according to professionals and experts who help businesses get registered, it is easier said than done.