Though India has jumped up 30 positions in the World Bank's 'Ease of doing Business' index, there are still many hurdles to cross for companies. Experts say there are still 80-90 compliance norms that companies struggle with. Despite the government's effort to make it easier to incorporate a company or get it listed, shutting down a business is still a nightmare.
Overall, the government's grip is tightening, say most companies. Compliances on legal metrology, shop and establishment certificates stamping vary for each state, making it cumbersome especially for small and mid-sized businesses. The government's focus on over-regulation, instead of enforcement, is hurting businesses.