logo

‘India seventh best investor protector’

‘India seventh best investor protector’
In a big thumbs-up to reforms in laws governing companies and capital market regulations here, India has been ranked 7th for minority investor protection — ahead of developed countries like the US, Japan, France and Germany.

New Zealand has topped the list and is followed by Hong Kong, Singapore, UK and Malaysia, as per a sub-ranking released by the World Bank on Wednesday as part of its annual Doing Business Report.
While Ireland has been ranked at sixth place in terms of 'protecting minority investors', India, Canada and Albania have jointly been placed at seventh position.

India's ranking in terms of investor protection stood much lower at 21st position last year. World Bank said that the rank has improved on account of various reforms launched in India over the past year.

Major countries ranked below India include France (17th), Korea and Italy (21st), the US (25th), Japan (35th), Germany (51st), Australia (71st) and Switzerland (78th).

India is ranked best among the BRICS nations, out of which South Africa is 17th, Brazil 35th and Russia at 100. China is much lower at 132nd place. Protection of minority investors is one of the ten sub-rankings based on which the World Bank has prepared the overall 'ease of doing business' ranks for 189 countries, where India has been ranked 142nd.

‘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 bank said.
PTI

PTI

Our contributor helps bringing the latest updates to you


Share it
Top