Indian entrepreneurs wishing to conduct business in the country face a plethora of challenges and risks due to the country’s hostile business regulatory framework. The presence of strict clauses in laws, rules, and regulations, and 26,134 imprisonment clauses has made business in India increasingly difficult.
Enabling the business climate in India will require rethinking its business regulatory framework. What large-scale policy reforms can help catalyse change? Does the criminalisation of compliance procedures hinder India’s growth and development as a business hub? How can dignity be infused in the professions of entrepreneurs, businesspersons and wealth-creators? What role can the larger policy fraternity play in reconstructing a business and compliance climate that befits an economy that is expected to be the world’s third-largest by 2030?
The panel will discuss the highlights of the report and identify avenues to facilitate ease of doing business in India.