Short Article

18-05-2024 | 12:56 PM

B-READY Index 

India’s preparation for the new World Bank Index Business Ready (B-READY), replacing the Ease of Doing Business (EoDB) Index. 

Key Highlights 

• It is a new flagship report designed by the World Bank to assess business environments and investment climate in most economies worldwide.  
• Objectives: The major objective of this index is to focus on broader qualitative assessments, including regulatory quality and environmental considerations. It will replace the now-defunct Ease of Doing Business Index and plans to cover 180 economies. 
• It will provide actionable evidence to promote necessary reforms for a stronger private sector. 
• The first report will be released on September 25, 2024.  
• India is gearing up for the B-READY Index through proactive initiatives taken by the Department for Promotion of Industry and Internal Trade (DPIT), Government of India.  
• DPIT is conducting meetings to evaluate responses to over 1,300 questions from the B-READY questionnaire. 
• The prime objective of these meetings is to assess and enhance India’s position in terms of business readiness and attractiveness for foreign investments.