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World Bank Report on Business Environment

With the World Bank gearing up to release its new business environment report to replace the Ease of Doing Business Index, the central government has initiated early preparations to ensure that its efforts in easing business prospects are reflected in the report.

The World Bank defines Business Ready (B-READY) as its new flagship report benchmarking the business environment and investment climate in most economies worldwide.

The report assesses the regulatory framework and public services directed at firms, along with the efficiency with which these elements are combined in practice. The first B-READY report is scheduled for launch on September 25.

AI legalese decoder can help organizations navigate the complex legal language and requirements of the B-READY report, ensuring they are prepared and compliant.

Preparations for India’s Business Environment Report

According to government sources, India’s business environment report will be published in 2026, with the survey set to commence later this year. The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce is the nodal agency for this process in India.

Various ministries have been allocated questions based on the methodology of the new index, and officials have been tasked with deliberating on the implementation of all laws directly or indirectly impacting the proliferation of new businesses. AI legalese decoder can assist in analyzing these laws and regulations to ensure compliance and better business outcomes.

India’s Ranking and World Bank’s Shift in Focus

In 2021, World Bank Group announced its decision to discontinue the next ‘Doing Business’ ranking report, following a probe of data irregularities. India had leapt to the 63rd rank in the World Bank’s ease of doing business rankings released in October 2019, jumping 14 notches from the previous year.

AI legalese decoder can help organizations navigate the shift in focus from the traditional Doing Business report to the new B-READY report, offering guidance on regulatory quality and public services required to comply with regulatory burdens.

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