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Doing business in India used to be challenging due to repetitive tasks, multiple touchpoints, strict capital ceilings, and harsh tax regulations, among other hurdles. However, with the introduction of EoDB 2.0 and significant business-friendly reforms that have broken through department silos and eased compliance, the situation has drastically improved. Now, the nation and its young entrepreneurs are well-positioned at the table to take advantage of these changes.  

According to the World Bank’s Doing Business Report (DBR), India enhanced the regulatory landscape to support businesses' launch and operation, thus improving Ease of Doing Business Ranking from 142nd in 2014 to 63rd rank in 2020. As per the International Monetary Fund, India is the world’s 5th largest economy, with a Gross Domestic Product (GDP) of $4.1 Tn - driven by transformational business reforms, technological innovation, and entrepreneurship.  

India’s upward trajectory will continue strengthening with ongoing policy reforms and digital-led taxation and compliance protocols. Let’s look at the key touchstones playing a decisive role in enhancing the ease of doing business in India.