<h4>Introduction to the B-READY Report 2024</h4><p>The <strong>Business Ready (B-READY) Report 2024</strong> is a significant new initiative launched by the <strong>World Bank</strong>. It represents a strategic shift in how global business environments are assessed and benchmarked.</p><p>This report aims to provide a more comprehensive and nuanced understanding of the regulatory environment and public services affecting businesses worldwide. It builds upon past efforts while addressing criticisms of its predecessor.</p><div class='info-box'><p>The <strong>Business Ready (B-READY) Report 2024</strong> was officially launched by the <strong>World Bank</strong> to replace the former <strong>Ease of Doing Business report</strong>.</p></div><h4>Purpose and Evolution</h4><p>The primary purpose of the <strong>B-READY Report</strong> is to offer policymakers and stakeholders actionable insights. These insights help in fostering a conducive environment for private sector growth and investment.</p><p>It moves beyond mere regulatory compliance to evaluate the actual readiness of an economy to support business operations. This includes aspects like infrastructure, access to finance, and workforce skills.</p><div class='exam-tip-box'><p><strong>UPSC Mains GS-III:</strong> Understanding the transition from <strong>Ease of Doing Business</strong> to <strong>B-READY</strong> is crucial. Focus on the reasons for the change and the new report's expanded scope for potential questions on economic reforms and global indices.</p></div>