India ranked as third most improving global destination to conduct business

THE REPORT SAID THAT INDIA AND SOUTH ASIAN COUNTRIES ARE BENEFITTING FROM DIVERSIFICATION OF INVESTORS AWAY FROM CHINA

- Gireesh Chandra Prasad

India is the third most improving country when it comes to business environment following strides made in foreign direct investment policy, foreign trade, exchange controls and tax regime, the Economist Intelligence Unit (EIU) said in its 2024 rankings.

The research and analysis division of the Economist Group said, in its latest ranking of countries by their business climate, that India, followed by Greece and Argentina, are among the places where it expects the most significant policy improvements, infrastructure investment or growth in market opportunities. Improvements in these countries' business environment index may subsequently result in an uptick in per capita growth in real GDP, investment spending and FDI, EIU said.