With 4,200 enterprises, India already ranks third in the world for the number of start ups after the U.S. and the U.K.
- Simplified tax structure, easy compliance process and single window system are some of the issues that startups expect to be addressed through the much-awaited ‘Startup India’ policy.
- Ease of doing business is important for any enterprise but critical for startups.
- All entrepreneurs look for single window clearances, ease of doing business, incentives to develop regions and clarity on taxation structures.
- The problem in most cases is not the regulation but the red tape that makes compliance difficult despite best intentions.
- Many startups begin their journey here in India but quickly move abroad as they are intimidated by the complexity of regulation in India.