India is most safe in minority investor protection

New Delhi: 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, United Kingdom 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 United States (25th), Japan (35th), Germany (51st), Australia (71st) and Switzerland (78th). India is ranked best among all the BRICS nat-ions, out of which South Africa is 17th, Brazil 35th and Russia at 100. While China is ranked much lower at 132nd place in the same list.