India has never been a great place to do business in. In 2014, India slipped a further three places from 131 to 134 (in a field of 189) in terms of ease of doing business, according to a World Bank report. But 134 is just the overall rank; in terms of ease of starting a business, obtaining construction permits, paying taxes or enforcing contracts, we are closer to the bottom.
(This story appears in the 25 July, 2014 issue of Forbes India. To visit our Archives, click here.)