Misallocation of capital, unimaginative businesses, government regulations, caste reservations and a complete lack of innovation or even basic scientific understanding should see the real India emerge in a few years, that is the country which was a part of the non-allignment movement with several African 'developing ' economies. Comparisons with China are farcical. -Viraj Shah
I read with interest the findings of Mr. Bhide . It is really true that new business Expenses are mainly Real estate . In Maharashtra it is 50% . This is because of MIDC and few Private Industrial Estates . But in India as a whole , new business requires to invest bulk of resources in real estate , because otherwise the financial institutes will not grant LOANS for business . One has to have own business place . I don't know regulations in USA or in other foreign countries . If any better method used , pl convey to indian finance institutes . We in India are wholly dependant on Govt and Banks . And Licence Raj is the greatest hurdles . To tackle this Licence Raj , lot of Cash Fund is required . If one do not spent his cash fund this way , it is not possible to get many clearances ; which are required before statrting any business in India . And present scenario is in India --- Many Businesses --- Shops , Factories ( SSI ) , Tiny Manufacturing units , Vendor shops are runnin g without any Licence . Where exchequre losses heavily in TAX . The state and Central . If more simplified methods are introduced , more business houses will be established and Tax Money will grow for Govt .
The perspective provided by the author is really interesting to start a business in India.
In fact I would like to have a detailed look at his article.I am an international student currently engaged in a research work on alliance contract in a reputable university in Melbourne, Australia.
If you can provide me the link of the author to enable me interact with him and further insight on the article, which would benifit my research work .
