The World Bank would discontinue the practice of issuing Doing Business report following an investigation mentioning data irregularities in its 2018 and 2020 editions (released in 2017 and 2019, respectively) and possible ethical matters involving bank staff.
Highlights:
It will study a new method of evaluating the business and investment climate.
The report was introduced in 2003 to provide an assessment of goal measures of business regulations and their enforcement throughout one hundred ninety economies on ten parameters affecting a business through its life cycle.
Notably, in three reports, launched in 2017, 2018 and 2019, India ranked among the top 10 economies displaying the most magnificent improvement.