Sri Lanka has fallen four places down the World Bank's latest list of best places to run a business.

In the latest World Bank's Doing Business Index, Sri Lanka has been ranked 84, down from 81st place it enjoyed in the 2013 Doing Business Index.

However, Sri Lanka leads among all the South Asian Nations, becoming the easiest place do business in the region.

For the seventh consecutive year, Singapore has been placed as the easiest place to do business, followed by Hong Kong, New Zealand and the United States.