Why do business in mumbai

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It is also a cosmopolitan city with people from all parts of India migrating to Mumbai for work. It also has a large expatriate population working in various multinational corporations and international bodies.

Mumbai has a well connected metro rail network which is the lifeline of the city. It is also home to several colonial buildings from the British era.

In the last decade, several roads and overpass construction projects have been completed to deal with the growing traffic. The suburb Navi Mumbai New Bombay was developed on the eastern outskirts.

Mumbai is also home to the second largest entertainment and movie making industry in the world — Bollywood. So now it takes only 6 days, as oppose to 26 days, to start a business in India. When it comes to cost of basic amenities like labour, food, electricity and infrastructure, it is much more affordable in India when compared to developed countries.

Most of the MNCs like Ford Motors have set up a manufacturing unit in India not only to tap advantage of large markets it provides but also the lower cost of production. Skilled low-cost labor is also one of the economic reasons. For many years the youth of India have been chasing employment and have been in the search of a 9-to-5 job profile.

Now, the tables have turned because they have finally got the choice of being hired or becoming the hirer. The new India is looking forward to bringing their country in the world map as the fastest growing emerging economy in the world. People in India have variety in everything. Therefore, demand to purchase new amenities never goes down. Take for example clothing; there are many designer brands as well as local brands which are doing well without any glitches.

The quality of land administration index has five dimensions: reliability of infrastructure, transparency of information, geographic coverage, land dispute resolution, and equal access to property rights.

Measures on credit information sharing and the legal rights of borrowers and lenders are shown below. The Legal Rights Index ranges from , with higher scores indicating that those laws are better designed to expand access to credit.

The Credit Information Index measures the scope, access and quality of credit information available through public registries or private bureaus. It ranges from , with higher values indicating that more credit information is available from a public registry or private bureau.

This index measures the degree to which collateral and bankruptcy laws protect the rights of borrowers and lenders and thus facilitate lending. This index measures rules and practices affecting the coverage, scope and accessibility of credit information available through either a credit registry or a credit bureau. This indicator reports the number of individuals and firms listed in a credit registry with information on their borrowing history from the past 5 years.

This indicator reports the number of individuals and firms listed by a credit bureau with information on their borrowing history from the past 5 years. The indexes vary between 0 and 10, with higher values indicating greater disclosure, greater liability of directors, greater powers of shareholders to challenge the transaction, and better investor protection.

The extent of disclosure index measures the approval and disclosure requirements of related-party transactions. This index ranges from 0 to 10 and has five components. The extent of director liability index measures when can board members be held liable for harm caused by related-party transactions and what sanctions are available.

This index ranges from 0 to 10 and has seven components. The ease of shareholder suits index measures how likely are plaintiffs to access internal corporate evidence and recover legal expenses.

This index ranges from 0 to 10 and has six components. The extent of shareholder rights index measures the role of shareholders in key corporate decisions. This index ranges from 0 to 6 and has 6 components. The extent of ownership and control index measures the rules governing the structure and change in control of companies.

This index ranges from 0 to 7 and has 7 components. The extent of corporate transparency index measures the level of information that companies must share regarding their board members, senior executives, annual meetings and audits.

Note: To score on the extent of shareholder rights, extent of ownership and control and extent of corporate transparency indices, economies must have at least ten companies offering their shares on a public exchange. State-owned enterprises and companies that only issue non-equity securities without ownership and voting rights e. This topic records the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures the administrative burden of paying taxes and contributions and complying with postfiling procedures.

The total number of taxes and contributions paid, the method of payment, the frequency of payment, the frequency of filing and the number of agencies involved for the standardized case study company during the second year of operation.

It includes taxes withheld by the company, such as sales tax, VAT and employee-borne labor taxes. The time it takes to prepare, file and pay or withhold the corporate income tax, value added or sales tax, and labor taxes, including payroll taxes and social contributions in hours per year.

The total tax rate measures the amount of taxes and mandatory contributions payable by the business in the second year of operation, expressed as a share of commercial profits. The postfiling index is based on four components—time to comply with VAT refund, time to obtain VAT refund, time to comply with a corporate income tax correction and time to complete a corporate income tax correction.

If both VAT and corporate income tax apply, the postfiling index is the simple average of the scores for each of the four components.