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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1615 |
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As a legacy of the British colonisation, India, being the largest democracy in the world in terms of population, already has a well-developed commercial legal framework (Grainger & Chatterjee, 2007). However, the Indian institutions are not functioning efficiently because of poor government regulation in design and quality of implementation...
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For this reason, doing business in India is, in fact, more costly than in China, especially for smaller firms (Singh, 2007).
One issue that troubles businesses in both China and India at the moment is the complexity in setting up and closing down businesses. Despite the fact that there is no specific statute regulating FDI in India in contrast with China, it has much more excessive regulation of entry and exit than China (Henley, 2004)...
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