Press Information Bureau

Government of India

Ministry of Corporate Affairs

13-December-2012 19:36 IST

The Ministry of Corporate Affairs has undertaken a Pilot Study to examine the concept and the feasibility of developing a Business Index. Further details would emerge after completion of the pilot study and sharing its findings with concerned Ministries and Departments. Giving this information in written reply to a question in the Lok Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that as a part of the pilot study, a literature review has been taken up and a list of variables measuring the macroeconomic and the micro/business aspects of corporate performance to be drawn from primary and secondary sources has been broadly identified. The findings of the pilot study as a concept paper is under preparation.

The Business Index, if and when developed, would aim at measuring the overall business climate at regular intervals on the basis of well-defined basket of identifiable and measurable parameters. Shri Pilot informed the House that no private agency has so far been assigned any part of the pilot study.

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KKP

Business Index development: pilot study to define measurable business-climate parameters, with government control of the process. The Ministry of Corporate Affairs initiated a pilot study to assess the feasibility of a Business Index, carrying out a literature review and identifying variables from primary and secondary sources to measure macroeconomic and micro/business aspects of corporate performance. A concept paper setting out findings and the proposed basket of identifiable, measurable parameters is under preparation, and the study will be shared with concerned ministries and departments; no private agency has been assigned any part of the pilot study.