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.