According to world bank sponsored report, Pakistan ranks above india as a country to do business. India comes at 116th position
, 25 slots lower then China and 56 slots lower than Pakistan. Indeed the bureaucracy-burdened, India trails in south asia. It is even behind Maldivs, Bangladesh, Srilanka and even Bhutan. Only exception is war troubled Afghanistan, which is the only country which is rated lower than India. the criteria are exim policy and property registration costs. Indian bureaucratic system requires entrepreneurs to submit 15 documents and obtain25 signatures. Which is main disadvantage with indian system. Moreover delays and bribery are other problems. Which is not good for
democratic country like India. When as when compared non democratic regime like Pakistan and China, they provide single window clearance for business deals. But some other factor are also required to be considered. Mostly this long delay is for so that nobody suffer any injustice. Where as in china McDonald's found itself helpless, when they were displaced from prime location in Beijings Tiananmen square without any resource to legal redress. What it tell us that good democracy and good business are based on the common principles of transparency, consumer choice and sanctify of contract. Non
democracies doesn't follow these fundamental rules. Good dictatorships and good businessmen have one common , a commitment to deliver where it matters most. Thus authoritarian regimes-provided they are smart , are preferred destination for investors. Where as non strait policies of democratic nations are big problems. Then social justice is major concern. There policies are executed by public functionaries and holders of political offices. Thus causing sometimes unnecessary delay.As report says, South Asian countries like Pakistan , maldives and Bhutan , none of which is a shining example of democracy, score better as investor destinations than democratic India. Even Nepal, caught by in the crossfire between the monarchy and the Maoist, takes priority over India as a business bet. The reason is simple Democracies, by their nature, debate and dither. Good non democracies, like good corporate, deliver. Unless, of course, they subdistrict first. But that then a business risk.