FXStreet (Mumbai) - In its latest report titled ‘Doing Business 2016', the World Bank noted that the feasibility of doing business in the BRICS nations improved significantly. The annual report assesses ease of doing business activities in 189 economies. Key findings from the report: Among BRICS nations, South Africa is at 14th position, Brazil is 29th and Russia is at 66th place. India has improved overall position from 142nd rank last year and the same ranking rose to 134 after taking into data corrections. China, the world's second largest economy, currently undergoing a major transformation, gained six places to rank 84th among the 189 economies listed. While Singapore remained at the top spot as the country with the most business-friendly regulatory environments followed by New Zealand in the second place. For more information, read our latest forex news.