India has significantly improved its ranking in the ease of doing business (EoDB) by 79 places over the past five years, according to the World Bank Group’s latest report. The World Bank introduced the B-Ready Assessment in 2024 to evaluate over 180 countries on various business aspects, including Business Entry, Taxation, and Market Competition. India is set to be featured in the upcoming Third B-Ready Report in 2026, as confirmed by Minister of State for Commerce & Industry, Jitin Prasada.
To enhance India’s business environment and attract investments, the Department for Promotion of Industry and Internal Trade (DPIIT) has initiated several programs, including the Business Reforms Action Plan (BRAP) under the Ease of Doing Business framework. Launched in 2014, BRAP focuses on simplifying regulations, reducing compliance burdens, and implementing digital solutions to make India more business-friendly. Key reforms under BRAP include establishing single window systems, streamlining building permissions, and digitizing business processes to encourage both domestic and foreign investments.
The BRAP initiative has completed seven editions so far, with ongoing assessments in progress. Over 9,700 reforms have been implemented across various States and Union Territories to improve the business climate. Additionally, the Regulatory Compliance Burden (RCB) initiative, initiated by the Government of India in 2020, has successfully reduced over 47,000 compliance issues over the past five years. These efforts aim to create a more conducive environment for businesses and citizens in India.
