<p>India ranked a lowly 134 in the ease of doing business index, but implemented the most number of business regulatory reforms in 2012-13 reforms in the South Asian region.<br /><br /></p>.<p>A new World Bank Group released Tuesday also finds that India has made an improvement of 0.5 percentage points in what is called "the distance to frontier" measure with a range between 0 and 100, with 100 representing the best performance or the frontier.<br /><br />India's "distance to frontier" in 2013 was 52.7 as against 52.3 in 2012.<br /><br />The report also finds that six of eight economies in South Asia completed 11 reforms simplifying the process of starting a business, strengthening access to credit, or easing the process for paying taxes.<br /><br />Since 2005, all economies in the region have implemented business regulatory reforms in the areas measured by Doing Business.<br /><br />Together, the eight economies recorded 75 reforms. India implemented the most number of reforms in the region with 17 reforms during this period, followed by Sri Lanka with 16.<br /><br />But Sri Lanka claims the region's highest spot in the global ease of doing business ranking, at 85 out of 189 economies.<br /><br />Among the BRICS economies - Brazil, the Russian Federation, India, China, and South Africa - Russia made the most progress.<br /><br />Singapore tops the global ranking on the ease of doing business. Joining it on the list of the top 10 economies with the most business-friendly regulations are Hong Kong, China; New Zealand; the US; Denmark; Malaysia; South Korea; Georgia; Norway; and Britain.<br /><br />The report found that governments around the world significantly stepped up their pace of improving business regulations in 114 economies last year - an 18 percent jump from the previous year.<br /><br />It is the 11th in a series of annual reports on the ease of doing business, and it documented 238 business regulatory reforms worldwide last year.</p>
<p>India ranked a lowly 134 in the ease of doing business index, but implemented the most number of business regulatory reforms in 2012-13 reforms in the South Asian region.<br /><br /></p>.<p>A new World Bank Group released Tuesday also finds that India has made an improvement of 0.5 percentage points in what is called "the distance to frontier" measure with a range between 0 and 100, with 100 representing the best performance or the frontier.<br /><br />India's "distance to frontier" in 2013 was 52.7 as against 52.3 in 2012.<br /><br />The report also finds that six of eight economies in South Asia completed 11 reforms simplifying the process of starting a business, strengthening access to credit, or easing the process for paying taxes.<br /><br />Since 2005, all economies in the region have implemented business regulatory reforms in the areas measured by Doing Business.<br /><br />Together, the eight economies recorded 75 reforms. India implemented the most number of reforms in the region with 17 reforms during this period, followed by Sri Lanka with 16.<br /><br />But Sri Lanka claims the region's highest spot in the global ease of doing business ranking, at 85 out of 189 economies.<br /><br />Among the BRICS economies - Brazil, the Russian Federation, India, China, and South Africa - Russia made the most progress.<br /><br />Singapore tops the global ranking on the ease of doing business. Joining it on the list of the top 10 economies with the most business-friendly regulations are Hong Kong, China; New Zealand; the US; Denmark; Malaysia; South Korea; Georgia; Norway; and Britain.<br /><br />The report found that governments around the world significantly stepped up their pace of improving business regulations in 114 economies last year - an 18 percent jump from the previous year.<br /><br />It is the 11th in a series of annual reports on the ease of doing business, and it documented 238 business regulatory reforms worldwide last year.</p>