India slipped two notches to 122nd rank, below neighbours, including Nepal, Bangladesh and Pakistan in the ‘Doing Business Report 2009’ recently prepared by the International Finance Corporation and the World Bank.

The report, which ranks the country on the basis of ease of doing business has placed Nepal at 121st position, Bangladesh at 110th place and Pakistan at 77th place in the overall ranking.

The 2008 report had ranked India at 120th position, while Pakistan was at 74th place.