India; Rank: 120

India has the world's fourth largest gross domestic product at $4.726 trillion. India's per capita income is $977. Indian economy is among the fastest growing in the world and the country also has the world's second largest labour force. However, the ongoing financial sector crisis in the United States and its repercussions on developed markets worldwide result in lower capital inflows into India, it is feared. And this in turn is expected to slow down investment growth in the months ahead.

With the Indian economy exhibiting distinctive signs of slowdown, Indian economists predict a real growth rate of 7 per cent for the current financial year. The Doing Business Report said it takes 30 days to set up a business in India, 73 in Bangladesh and 38 in Sri Lanka. Interestingly, the report added that an entrepreneur can start a business in 9 days in Afghanistan and Maldives, and in 24 days in Pakistan.