Reforms in plenty over two decades-India still not an ideal choice
There were many economic reforms made across the nation in the past two decades, but the country still needs to work out plans on many sub-indices, namely on;
- starting a business
- issuing construction permits
- getting electricity
- registering property
- paying taxes
- trading across border
- enforcing contracts
- Resolving insolvency and more, says a source which would make it easy for international business relationships to develop.
At the moment it is important to revive and bring up the business environment here, and there are many prevailing business regulatory primary and secondary researches that claim the environment even now is not conducive for business development models across the nation. Some of the key issues highlighted here are;
- effective land acquisition process
- unfavorable taxation regime
- high cost of starting a business
- complications
- time consuming contract enforcement processes
With the new incoming government in place, the nation is now looking up to the help it can receive. The Indian industry is watching closely how the new government would bring in the much needed help, which is at the moment an urgent agenda which can help run a full house with regard to growth and investment.
Source: Financial Chronicle
Business environment, economic reforms, enforcing contracts, getting electricity, issuing construction permits, Land acquisition process, New government, paying taxes, registering property, starting a business, trading across border, unfavorable taxation regime
