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Started by : Sudeep Tarafdar, Senior Consultant, IBM   09 10 2009 14:25:22 +0000
Industry : Management & Strategy ConsultingFunctional Area : Business Processes(Operations)
Activity:  118 views;  last activity : 07 06 2010 20:18:09 +0000

India's position in terms of ease of doing business globally has slipped one place to 133rd this year, according to International Finance Corporation's Doing Business 2010 survey.

Singapore, New Zealand and Hong Kong were the top ranked economies globally for the second consecutive year with Indonesia improving seven places to 122nd from last year. The survey further said China rose three places to 86th and the biggest mover was Taiwan, rising 15 places to 46th.

India at the moment which is a high priority for most of the businesses across the world is lagging behind in a big margin, People how can we improve on those Numbers? What are the necessary actions that we need to take in this regard?

 
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1 2 3 4 5
1 Regulatory conditions eased
2 Build Infrastructure
3 LACK of Perfect:-) PLANNING, POLICY & POLITICS
4 The problem seem to be regulations
5 clarity in process & regulation revision
6 Less Red Tapism & No corruption

Regulatory conditions eased

idea posted by Sudeep Tarafdar Senior Consultant, IBM

According to me they should ease regulatory conditions and it is also said that regulatory conditions have played a large part in the development of economies in the Asia-Pacific region, adding that rigidity in labour relations and then the  high start-up costs have stifled business growth and led to large informal sectors. When taiwan can be in 46 th position, i think we can improve by leaps and bounds in terms of growth in this regard. It is just that we are still going about in an Ad-hoc manner, if we can organize everything and ease out the process then we can improve on the number.

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The regulation of India is not proper because the leadres of India did not give importent to the earning of the country they are interested in earning of there own. Where there is the profit of there own they take the decision on it. They are not leading the country to the right way so we are facing such a problem.

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We Indians have better understanding of English, Love to play with it, modify to suit our requirement when we are given with power to do the job. We are part of such a democratic system where no body is responsible or accountable for failures. We speak about single window clearance, laid the foundation stones with much fun and fare and forget the difficulties faced by the corporate houses in actual execution. Our media is also not interested to publish investigating reports on the issue. We enjoy the articles of resistance by local people and politics and not the hidden failure of our economy.  Our leaders, our people and the concerned rules and regulations should be committed for development by word and deed, transparent in all respect which includes CSR and some one must be made responsible for failure to get proper feed back and correction for future.

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In an ever changing marketplace, competition among companies, irrespective of size, is determined by the availability and capacity of the integrated and seamless supply chain in which companies operate. Ease of doing business - to provide cheaper, faster and easier options - is critical to business decision-making.

Ultimately, what we hope for is for non-critical and non-essential regulations to be reduced or removed, to enable businesses to grow and contribute to overall economic prosperity.

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Build Infrastructure

idea posted by Deepak Agrawal Consultant, Independent Consultant

I think India lags behind because it doesn't have proper infrastructure  like power, road, transport etc. We have seen so many times that industries capacity was unutilized due to non availability of power.

Indian govt. to should provide more emphasis to infrastructure development which has been improved in last few years but it think we are still far behind.

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"Infastructure" is one big factor, to make difference in terms of India's prospects as a prefered mation to do business with.

Infrastructure in terms of Power generation, quality of ports, road connectivity, air ports etc...

Onething is a MUST to notre down here. Infrastructure is not only about buildng super highways, fly overs and big ports. It is about designing and maintaining the systems to make sustainable and effective use of infrastructure. It is about inculcating a discipine to make just use of infrastructure. That is a responsibilty, not just Government, but common citizens like us

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I agree with Deepak completely. It is all about infrastructure!! Also, the corruption level being so high at the district levels that all the subsidies, grants, zone developments and restrictions etc are used to extract more money out of entrepreneurs and entrepreneural business!! I believe Pakistan is better than us!!

Its the oits... Patehtic!! what will happen to the FDIs and FII's I wonder???

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LACK of Perfect:-) PLANNING, POLICY & POLITICS

idea posted by Rajeev K Jha India Head - Permits & Liaisoning

My personal thoughts says that there has been several organisation like : CII,FICCI,ASSOCHAM,NASSOM,TIE... and ......Many others organisation which exists in India.These Organisation provide lot of reports to Government and Media.But actually they're neither implemented nor looked by govt. Our Foreign,External affairs,Commerce & Finance Ministries are taking every steps by Political + Public factors rather then Economical factors.

Several MNC companies, feel frustrated while venturing into India or post entrance into India.Its important to understand why,other countries like : Venezula,New Zealand,Hong Kong,Singapore,Brazil,etc. are rising on list and why India is Slipping their favourite positions. They provide Red Carpet to MNC companies those who're willing to invest in their countries. BUT if they comes to India,its really a PAIN. I had very Bad experience all part of the Country in our Govt. System.,By Govt. Policy or By Govt. Planning. They're completly ruthless & corrupt.

In past years we had observed several Ups & Down in FDI + FII policy, Retail Policy,SEZ & Other policy,Tax Policy,No Land Reforms, Failure of IKEA,WALMART,TESCO,CAREFOUR,TATA-NANO Projects in West Bengal etc. As there is Saying" Good word takes times but BAD word spread very FAST."That's what happened across the globe.

Although,I will agree by point "Regulatory & Better Infrastructure". But after Global crisis,India had very BIG oppurtunities to encash, we have very very big potential by Talented Skilled & Un-skilled Labour which every country lack.In addition,India itself is very Huge market to capture and very economical place to invest money. SOMEHOW, we MISS this BUS post April'09 Budget Sessions.

regards.........Rajeev Jha...

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The problem seem to be regulations

idea posted by Mathew Cherian Research Associate/Analyst, Western Michigan University

Every country allow easy investments to generate employment for it's citizen. Here we seems to regulate the entry of new Industries so as to control the supply and demand. See the Steel Industry licences for Iron units for TATA's and Mittals are still pending according to Forbes. They have already invested 1000's of crorers there. It is kept in abeyance probably to smoothen out the supply and demand position and may be even the price levels. Other countries choose more scalable routes like allowing investments and then control these factors like price and demand through the Markets. Here we probably should make it more easier for entities to enter and even our own companies to start investment without much control so that our employment levels can be increased. Probably even the wage levels might go up in that case for scarcity of skilled Labor.

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clarity in process & regulation revision

idea posted by shersks Network Designer, TATA COMMUNICATIONS

I am not an expert in this area, but relaxation of non-critical regulations & a transparent process that lists, what next ? has to be published in clarity for an easy approach.

 

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Less Red Tapism & No corruption

idea posted by Punit Gupta Manager

If you are into civil engineering.. i think you really knw what i mean... 

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