|Economy||Ease of Doing Business Rank||Starting a Business|
Hyderabad has maintained its record in the ease of doing business by securing first place in two parameters — enforcing contracts and resolving insolvency — in the latest report released by the World Bank.
The World Bank report measuring business regulations, has surveyed 17 cities across the country in terms of starting a business, dealing with construction permits, registering property, paying taxes, trading across borders, enforcing contracts and resolving insolvency. The City of Pearls was ranked number two, next to Ludhiana, in terms of overall ease of doing business.
The World Bank said the methodology involved measurement of the time and cost for resolving a commercial dispute through a local first-instance court and the quality of judicial processes index, evaluating whether each economy has adopted a series of good practices that promote quality and efficiency in the court system.