New Delhi: Patna is ahead of Mumbai but second only to New Delhi in terms of ease of starting a business, according to a World Bank ranking announced on Tuesday.
Of the 17 cities figured in the World Bank and International Finance Corp.’s “Doing Business In India 2009” report, Jaipur, Hyderabad and Bhubaneshwar are the other cities where it is easier to start a business.
Starting a business measures the necessary steps to enable a small or medium enterprise in general commercial or industrial activities to operate legally in 17 Indian cities -- including permits, inscriptions, notifications and inspections.
The report further said doing business is the easiest in Ludhiana, followed by Hyderabad, Bhubaneshwar, Gurgaon, Ahmedabad, New Delhi, Jaipur and Guwahati.
Of the 17 cities considered, Patna was ranked 14th, above Chennai, which stood at 15th position, while Kolkata was at the bottom of the list.
The report ranks the cities based on seven parameters -- starting a business, dealing with construction permits, registering property, paying taxes, trading across borders, enforcing contracts and closing a business.
However, the rankings do not take into account the macroeconomic conditions, infrastructure, workforce skills or security.