<h1>India Cuts Company Registration Time to 48 Hours, Aims to Improve Business Environment Despite 166th World Bank Ranking.</h1> The Indian government announced that the time to register a company has been reduced to 48 hours, with the issuance of a Director's Identification Number and company name availability now possible online within 24 hours. Despite these improvements, India was ranked 166th in the World Bank's Doing Business 2012 report, which noted that starting a business typically takes 29 days. Factors such as sales tax and property registration, managed by state governments, contribute to delays. To address these issues, a committee led by a senior official was established to review and enhance the regulatory framework for business operations in India.