The Indian government is gearing up to unveil the Business Reforms Action Plan (BRAP) 2024, a significant initiative aimed at significantly improving the ease of doing business in the country. This comprehensive regulatory overhaul is seen as a major boost to India’s ‘Make in India’ program, which aims to attract global investment and promote domestic manufacturing.
Led by the Department for Promotion of Industry and Internal Trade (DPIIT), the BRAP 2024 framework promises to introduce a raft of business-friendly reforms that address the evolving needs of businesses and citizens. This new plan builds upon the success of previous editions, aligning with key government initiatives such as reducing regulatory burdens and decriminalization. It also incorporates elements from the World Bank’s upcoming B-READY program.
The convergence of these initiatives is expected to streamline regulatory processes, foster economic growth, and strengthen investor confidence in India’s business landscape. The BRAP, initially launched in 2014-2015, embodies the spirit of competitive federalism, with six successful iterations focused on reshaping India’s regulatory framework. This approach evaluates states and union territories (UTs) based on their implementation of reforms.
BRAP 2024 introduces a new assessment methodology, combining evidence-based evaluations with feedback to create a more comprehensive and dynamic approach. By focusing on reducing approval times, promoting online service delivery, and leveraging platforms like the National Single Window System and PM Gati Shakti, BRAP 2024 aims to foster a transparent and efficient business ecosystem.
The scope of BRAP has significantly expanded since its inception, encompassing crucial sectors such as labor, environment, taxes, land administration, and utility permits. The 2024 plan incorporates new focus areas like information and communication technology (ICT) adoption and process re-engineering through the Time and Document Study (TDS) to enhance government-to-business service delivery.
The ministry emphasized that BRAP 2024 continues its mission to simplify processes, reduce compliance burdens, and implement digital solutions, solidifying India’s position as a preferred global investment destination. Key reform areas include the Information Wizard, Single Window Systems, Online Building Permission Systems, and inspection and labor reforms.
The introduction of BRAP 2024 demonstrates India’s unwavering commitment to creating a business-friendly environment that attracts investments, encourages innovation, and promotes economic growth. This comprehensive plan underscores India’s ambition to become a global leader in the world of business.
