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Jayanta Mallick

India is listed at the 104th position.

Kolkata , April 3

Forbes has placed India below Brazil, but above China and Russia in the recently launched 135-country Forbes Capital Hospitality Index.

Claimed to be the first comprehensive index of its kind, which assigns relative percentage rankings for 10 categories, it has listed India at the 104th position with an overall score of 51.6. China with 41.2 and Russia with 40.9 points have been ranked 129th and 130th or 7th and 6th from the bottom. Brazil has been slotted at the 73rd position with a score of 64.7.

The BRIC countries fared poorly against the four Asian markets of Singapore, Hong Kong, Taiwan and South Korea. These four figure in the top 15 with the US, the UK, Australia, New Zealand, Ireland, Luxembourg and Norway.

Interestingly, the US has been ranked fourth (score: 89.9), below the highest scorer Denmark (it scored 91.8 despite a high corporate tax rate), Finland (90.6) and Iceland (90.6).

The scores are an averaged total of the points obtained in all categories - wage and price freedom, restrictions, regulation, competitiveness, technology, days to start a business, investor protection, personal freedom, tax rates and corruption.

The US Chamber of Commerce (USCC), CIA, World Bank, Heritage Foundation, World Economic Forum, Deloitte Tax, Freedom House (an NGO) and Transparency International contributed data for the compilation of the index, Forbes said. Additional analysis was provided by Moody's Economy.com, the index team acknowledged.

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