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World Bank 'Ease of doing Business' Index Junked | India Development Debate
World Bank 'Ease of doing Business' Index Junked | India Development Debate
The World Bank Group will discontinue publication of its "Doing Business" report after allegations of data irregularities and "undue pressure" on ranking scores were brought to the fore. An internal audit report claimed that senior bank officials were pressurised to change the report's methodology in order to boost China's score for the 2018 report. The report also cites irregularities in the data used to determine rankings for Saudi Arabia and Azerbaijan in 2020. In its statement, the World Bank said that going forward, it will be working on a new approach to assessing the business and investment climate measures. Why has the World Bank junked its flagship report? Tamanna Inamdar, Senior Editor, ET NOW investigates the matter with Jayant Dasgupta, Former Ambassador of India, WTO on the India Development Debate tonight. Tune in!
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