Developing economies such as Nigeria, India, Thailand and El Salvador have made the largest strides in improving their business climates while New Zealand and Singapore retained their top ranks for ease of doing business, the World Bank said Tuesday.
In an annual report on 190 countries' efforts to encourage investment and job creation by cutting red tape and reforming regulations, the global lender also said Sub-Saharan Africa was again the region which saw the most progress -- but countries there varied widely in performance.
"It is particularly gratifying to see that many of the reforms are being carried out in economies and sectors where they are most needed," Rita Ramalho, acting head of the bank's Global Indicators Group, said in a statement.
Around 30,000 Africans live in New Delhi and many are suffering of discrimination and even violent attacks.
Police arrested five Indians accused of assaulting Africans in New Delhi
India agreed to finance the development of the Iranian port Chabahar, on the Gulf of Oman, as a trading hub.