NET ZERO IMPORTS
two domestic businesses. It takes only 406 days in China to enforce a contract, requiring 37 procedures and costing 11.1 percent of claims.
Resolving insolvency |
1. |
Resolving insolvency is essential for encouraging entrepreneurs to take risks and opt for innovation. China ranks 78th in terms of resolving insolvency. 2. It takes lesser time in China to resolve insolvency( 1.7 years) and the recovery rate is also higher at 36.0 cents per |
1. India ranks 121st in resolving insolvency.
2. It takes more time in India to resolve insolvency( 4.3 years) and the recovery rate is at 25.6 cents per dollar in India.
Getting credit
Among all criteria, India fares the best in getting credit. It ranked 28th among all
China on the other hand ranked 73rd in getting credit.
Protecting investors
India ranks fairly well in terms of protecting investors. It ranked 34th in this parameter. In the past year, India strengthened minority investor protections by requiring greater disclosure of conflicts of interest by board members, increasing the remedies available in case of prejudicial relatedparty transactions and introducing additional safeguards for shareholders of privately held companies.
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IBEF Study, August, 2015 Mid-Year Review, 2015-16, MoF Mid-year Review, 2015-16, MoF India’ s tech opportunity: Transforming work, empowering people, McKinsey Global Institute, December 2014 IBEF Study, August, 2015 DEITY, GOI Direct IT products include Notebooks, Tablets, Desktops, Servers and Storage. Indirect IT products are those that are bundled along with Direct IT products such as Inverters / UPS, Base stations, and Printers / MFDs. Assumptions:( 1) 2014 import split assumed to be the same as 2012( 2) Tablet assumed to be classified under computers Observer Research Foundation Occasional Paper on“ India’ s Electronics Sector: Policies, Practices and Lessons from China”, June 2014 Indian Electronic Goods Industry: Neutralizing Trade Deficit with China, Export-Import Bank of India, March 2015 Impact of recent policy developments on disabilities of ESDM sector, January 2015 Examples of such initiatives are Vendor Development Programme wherein opportunity is provided to the small businesses to interact with large public sector units and SSI-MDA Scheme wherein opportunity is provided to MSMEs for getting international exposure and becoming aware about existing export opportunities. India currently has 173 operational SEZs with seven of them established by the Central Government, namely Kandla, SEEPZ, Noida, MEPZ, Cochin, Falta and Vishakhapatnam. Indian Electronic Goods Industry: Neutralizing Trade Deficit with China, Export-Import Bank of India, March 2015
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