What is Business- Ready Index?

About 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 is a ground-breaking initiative that aims to 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.