Takshashila Discussion Document - Improving Ease of Doing Business in India

Economic Policy
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Executive Summary

This discussion document investigates why it is difficult to do business in India. It also looks at the correlation between business growth and unemployment. The document reviews India’s protectionist past and current policies and provides recommendations for improving outcomes.

1.       India ought to be a preferred country to start a business in, considering its huge consumer market, low labour costs, and untapped market potential. However, excessive compliance requirements and poor infrastructure have deterred establishments from expanding and investing.

2.      Since there is a concomitant relationship between ease of doing business and the number of jobs in a country, it is in India’s best interests to ease government policies and encourage establishments to be set up and to flourish. This will increase the number of jobs in the country and offer employment to the burgeoning young population which is currently suffering from massive unemployment and underemployment.

 

Authors

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Sudisha Mishra
Sudisha Mishra

Sudisha Mishra was a Junior Research Scholar at The Takshashila Institution and she contributed to the 20 million jobs project. She also worked in the Global Water team of NSF, a non-profit Michigan-based public safety organisation and her key role involves strategizing campaigns for increasing use of certified components that provide safe and clean water worldwide.

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Sridhar Krishna
Sridhar Krishna

Sridhar Krishna is a Senior Scholar at the Takshashila Institution where he led the 20 million jobs project before joining the group researching on AI Governance. He graduated from BITS, Pilani and has an MBA from SP Jain, Mumbai. He also works with ambitious young IT firms helping them scale and with a civil society organisation on judicial reform. Till recently, he was a Managing Director at Accenture where he worked on analytics and AI.

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