India slips to 134th rank on Doing Biz list; Singapore on top

October 29, 2013 17:10

Doing business in India appears to have got tougher with the country slipping to 134th place on this front in a global list compiled by World Bank, which ranks neighbours like China, Pakistan, Nepal and Bangladesh at better positions and is topped by Singapore.

The annual Doing Business report, released today by World Bank and International Finance Corporation (IFC), comes at a time when economic scenario is subdued and regulatory frameworks in India are already facing criticism from domestic industry leaders and international investors.

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