Table of Contents

2017 Month : August Volume : 3 Issue : 3 Page : 152-154

EASE OF DOING BUSINESS IN INDIA.

Chintan Suryakant Prajapati1, Sonalee Rajrajeshwar Telang2

Corresponding Author:
Sonalee Rajrajeshwar Telang,
Assistant Professor,
Department of Management,
Sigma Group of Institutes, Vadodara.
E-mail: sonalee.telang70@gmail.com

 

ABSTRACT

Union budget is one of the biggest events in the financial calendar of the country and this year’s financial budget saw some great promises made for empowering the small and medium-sized enterprises (SMEs) and the start-up businesses. Our Prime Minister Mr. Narendra Modi has introduced “MAKE IN INDIA” in order to boost our growth rate and to see India as a world leader. This national initiative is designed to facilitate investment, foster innovation, enhance skill development within the country, to protect our intellectual property and thereby build best-in-class manufacturing infrastructure. Ease of Doing Business is one of the important initiatives run by the Government and is crucial to the success of various initiatives such as Make in India, Start-up India, Digital India, etc. The program is being implemented by Department of Industrial Policy and Promotion, Ministry of Commerce and Industry. Though the whole Government machinery is putting ample efforts to promote brand “MAKE IN INDIA”, there are still some bottlenecks in our economy which Government needs to address towards, making India a global manufacturing hub. The emphasis has been on simplification and rationalization of the existing rules, regulations and introduction of information technology to make governance more efficient and effective. This paper will attempt: 1. Starting a business, 2. Regulatory for Taxation, 3. Improving the ease of doing business in India, 4. Challenges and opportunities for new business startups.

 

KEYWORDS

Business start-up, Central Govt. initiatives, Make in India, Digital India.

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