A United Kingdom Based research firm Maplecroft Civil Unrest Index shows that Bangladesh is much safer than India to do Business. Some recent political violence triggers the 6th position of Bangladesh in the index but its neighbour India have the higher risk factor for business investment.
France which has been grappling with political protests and has seen major terror strikes in last two years stands at 16th position. No European country is in the top ten positions. Bangladesh at 6th where India 4th- is better placed than India. Even Nigeria, which is struggling with militant group Boko Haram’s menace, stands at 10th position, six places ahead of India.
Charlotte Ingham, the principal analyst at Maplecroft, said the index would help multinational corporations and non-governmental organisations alike to put in place contingency measures when working in areas affected by civil unrest.
“Civil unrest is a significant concern for organisations, as it can impact the safety of employees and company property,” Ingham told the Thomson Reuters Foundation.
This time, it featured up to five years of data for 43 risk indices covering 198 countries, the company said on its website.
Fourteen indices, quantifying regulatory and political violence risks, such as civil unrest, terrorism and resource nationalism risk, are updated on a quarterly basis to enable the identification of trends and emerging developments across dynamic risk issues.
Several companies operating in and sourcing from these countries have faced severe disruption as a result of civil unrest, including strikes, while the economic impacts have also been significant, the report accompanying the index said.
Prolonged anti-government protests in Thailand, culminating in a military coup in May 2014, led the International Monetary Fund to lower the 2014 projected GDP growth rate to 2.5 percent from 5.2 percent, which could cost the country an estimated $9.8 billion, the report said.
The best-performing countries in the index were San Marino, Liechtenstein, Denmark, Iceland and Norway, all of which were in the top 10 in the previous quarter too.