Business- Ready Index:
The B-READY index is a successor to the Ease of Doing Business rankings, which were discontinued in 2021 due to irregularities.
- It focus on quantitatively assessing the business environment across world economies.
- It envisages taking into consideration more diverse factors while arriving at the rating.
- Global financial institutions and multinational companies will use the B-Ready framework as a benchmark to understand the regulatory and policy environment of a country.
- It will be published annually, considering three main pillars: regulatory framework, public services, and efficiency.
- The index incorporates digitalization, environmental sustainability, and gender equality into each indicator, ensuring a holistic and forward-thinking approach to business evaluation.
- It tracks ten parameters covering a firm’s lifecycle from starting, operating, closing, and reorganising.
- The index will expand in three stages, covering 54 economies initially and reaching up to 180 countries by 2026.
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