India slips 4 places to 126 in World Banks 2015 Foreign Trade rankings
Bidhu Bhushan Palo | @TheDollarBiz India has slipped four points to the 126th rank in World Bank’s “Trading Across Borders” indicator in the 2015 Ease of Doing Business report released this week. Singapore, Hong Kong, and South Korea hold the top three spots respectively. Launched in 2002, the Doing Business (DB) is a World Bank project which aims to provide measures of business regulations (which includes foreign trade) and their enforcement across 189 economies at different levels. DB measures three broad parameters (documentation, time and cost per container) to rank countries in the “Trading Across Borders” indicator. It excludes tariffs, time and cost for sea transport associated with exporting and importing a standard shipment of goods by sea transport. According ...
