Economics • Indian EconomyMedium
Which of the following organizations releases the 'Ease of Doing Business' framework reports historically, and what is India's strategic policy response via the Department for Promotion of Industry and Internal Trade (DPIIT)?
A. Simplifying regulatory compliance, reducing compliances, and implementing Business Reform Action Plan (BRAP) across states✓ Correct Answer
B. Imposing heavy tariffs on imported industrial machinery
C. Nationalizing all logistics and warehousing infrastructure
D. Restricting foreign direct investment in retail sectors
💡 Solution & Explanation
The Department for Promotion of Industry and Internal Trade responds to global business ranking frameworks by simplifying regulatory compliance, cutting red tape, and implementing the Business Reform Action Plan across states. Historical ease of doing business reports were published by the World Bank Group before being discontinued. State-level reforms promote competitive federalism by assessing local regulatory environments. Questions regarding economic policy and governance frequently feature DPIIT initiatives.
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