An overview of Forbes

An overview of Forbes
  • B.C. Forbes and his partner Walter Drey, the general manager of the Magazine of Wall Street, founded Forbes magazine in 1917.
  • The magazine has grown to become one of the most trusted brands for financial and entrepreneurial analysis.
  • Forbes publishes annual rankings and indices about people, countries, sports and education.
  • Their annual list on Richest People in the World is the most popular.

The Best Countries to do Business list

The Best Countries to do Business list
  • This list has been published by Forbes since 2005.
  • Forbes uses open source data to rate countries on 11 factors: property rights, innovation, taxes, technology, corruption, freedom, red tape, investor protection and stock market performance.
  • Sources including the World Bank, the World Economic Forum, Transparency International, Bloomberg and the CIA World Fact-book are used to analyze and weigh each of these factors equally.

Other countries in the Forbes list


Denmark was ranked #1 for the second year in succession. USA dropped four spots to #22 and China marked an improvement, jumping to #94 after being ranked #97 in 2013 and 2014.

A slide down from 2014

A slide down from 2014
  • India's rank on the Forbes Best Countries to do Business list in 2013 was #98.
  • Forbes cited many challenges that India has yet to fully address, including poverty, corruption, violence and discrimination against women.
  • In 2014, India marked a marginal improvement at #93.
  • Forbes stated that while systemic challenges still remain, India's young population gives the country a more positive outcome.

Other Rankings in 2015

Other Rankings in 2015
  • India performed fairly well in other categories in 2015.
  • India was ranked #8 in investor protection, #41 in innovation and #57 in personal freedom.
  • India scored relatively worse in other categories, ranking #125 on trade freedom and #139 on monetary freedom.
  • It also ranked #120 in technology, #77 on corruption and #123 on red tape.

Forbes' rationale for India's position

Forbes' rationale for India's position
  • Forbes said India was yet to overcome various challenges such as decades-long civil litigation dockets, inadequate transport and agricultural infrastructure and limited non-agricultural employment opportunities.
  • According to Forbes data, growth in 2014 fell to a decade low, as India's economic leaders "struggled to improve the country's wide fiscal and current account deficits".
  • However, they added that global investor perception of India is improving gradually.

India ranked 97th best country to business

17 Dec 2015
India ranked 97th best country to business
  • In a blow to Narendra Modi's pitch to make India a global business hub, Forbes' annual list of best countries in the world to do business has ranked India at a low 97 out of 144 countries indexed.
  • India trails behind Mexico (53), Kazakhstan (57), Zambia (73), Ghana (79) and Sri Lanka (91).
  • In consolation, however Forbes said India's investor perception was improving.