IndiaLaw LLP

Running a business in India can be extremely stressful and challenging. In fact, a study on entrepreneurial well- being by ASCENT Foundation and Mariwala Health Initiative recently found that nearly 8% of younger entrepreneurs and 6% of older entrepreneurs who are in family-owned businesses have had suicidal thoughts. Majority of the study participants said they experienced anxiety, confusion, irritability and frustration sometimes during their entrepreneurial journey.  The study, which received response from 186 entrepreneurs (of family run businesses and new age entrepreneurs) from the ASCENT cohort, between the age group of 20 to 60 years, showed that stress due to financial cash flows, fear of failure and disagreements with partners or family members are the top stressors, irrespective of their age and years in business . Add to this the cumbersome documentation and paperwork to be taken care of at every step of the process. All these hurdles function as impediments for...

India has jumped 14 places to rank 63rd out of 190 countries in the World Bank's Doing Business 2020 report on account of significant improvement in resolving insolvency and obtaining construction permits. This is a major development, considering the fact that the government has been focusing on targeting to take India among the top 50 in the ease of doing business ranking. Explaining that the government was working on policies to promote inflows from domestic as well as foreign sources to achieve this vision, the PM stressed that the "policies are not designed to get some short-term benefit out of transient disruptions" being seen around the world. Instead, the government is focused on improving India's competitiveness through long-term reform measures such as steps towards improving the ease of doing business rankings, tax reforms with lowering of tax rates and simplifying procedures, labor sector reforms to encourage formalization and FD...