India Ranked As The 7th Best Country In Protecting Minority Investors

A World Bank report titled 'Doing Business 2015: Going Beyond Efficiency' has said that India is the seventh best country in protecting minority investors and credit availability.

"India strengthened minority investor protections by requiring greater disclosure of conflicts of interest by Board members increasing the remedies available in case of prejudicial related party transactions and introducing additional safeguards for shareholders of privately held companies," the report said.

India is ahead of the US, Japan, France and Germany as far as protecting minority investors is concerned. New Zealand ranks first in the list, followed by Hong Kong, Singapore, the UK and Malaysia. India jointly shares its rank with Canada and Albania.

On the ease of getting credit in India, the report said, "In India, a little over a decade ago, an entrepreneur seeking a loan to grow his business would have had little luck because financial institutions lacked access to information systems to assess credit worthiness. Today, thanks to the creation and expansion of a national credit bureau offering credit scores and coverage on par with those in some high-income economies, a small business in India with a good financial history is more likely to get credit and hire more workers."