The best country for business this year is Denmark, which ranked No. 1 three straight years between 2008 and 2010. The top10 includes also Hong Kong, New Zealand, Ireland, Sweden, Canada, Norway, Singapore and Switzerland.

India has been placed 93rd, behind countries like Mexico, Kazakhstan

The Forbes said “…however, low tax revenues are a major concern.A large trade deficit remains a concern, but strong remittances from Sri Lankan workers abroad help offset the trade deficit.”

Forbes’ annual ranking of the Best Countries for Business grades countries on 11 different metrics, including property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance.