Doing business in India may be getting easier in the not too distant future. An article in the Business Standard talks about a proposed law that aims to speed up the enforcement of contracts (Hat tip: Dahlia Khalifa). And what prompted this interest in a new law? You guessed it:
The Centre had taken notice of the World Bank’s Doing Business Report 2007, which said that it takes as many as 1,420 days in India to implement a financial contract. The report had given India an overall ranking of 177 in the report, a rank that remained unchanged in 2008.
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