Percolation of bureaucratic hassles in citizens' lives seems to have increased with increased digital penetration. It's probably is a sign of less innovation or apathy towards it, less afinity towards dynamism and uncertainty that entails entrepreneurship, business et al. India's loss is world's gain, sooner the bureaucracy realizes it (which they won't) better it is for India. However, the government of the day, should catch the bull by their horns. Scrapping PSCs is a good step to ensure that, or hire and fire policies. There's also judicial reforms. All of these depends on how society perceives business, risk management. The exodus of Indians to developed nations is linked primarily to such apathy. Hopefully, it'll change (doubtful with this bureaucratic structure). Bureaucracy, by nature, is status quo, politicians need not be, especially when voters are interested in giving the parties clear majority to govern. If fruitful employment, businesses and an environment for the same is not a priority of the governments, then polarisation will rise. Waiting for the concluding piece of the series, Anil ji!
Interesting, crisp and very well researched article on the bitter truth of our economy. The hurdles are too many and the common man keeps going in circles.Getting any clearance , license or no objection certificate is still a herculean task.We need to remove the bottlenecks and red tapes in the system.
A very interesting article Anil and a very important one too; as on the one hand it highlights an urgent need and on the other the ramifications of this "unease" of doing business in India, run very deep. In many areas repetitive and time consuming submission of forms have been streamlined and procedures shortened and yet the approval process is stuck at some point; this is where someone with the vested power is awaiting gratification. This person is sometimes protected by people with power, as the graft in big deals, reaches the people with political power; where else will the huge amounts required for fighting elections come from ? Things may have improved a bit under this government but one has to remember the jibe "Hum do hamare do"; so things are very smooth for organizations that know the system. South Korean companies like LG, Sony and Samsung have done exceedingly well in India. If an overhaul of the system has to be done, it has to be done from top to bottom. I will look forward to your article on Monday Anil.
So well written Anil ! This experience is in your face from the time you even land here ! Last evening at the airport the Customs guy wanted to know why I was carrying 3 mobile phones! There is huge trust deficit and a legacy every where - the number of forms you now have to sign for even simple transactions and KYC is only increasing - there may be a grand intention at the leadership level but the operational aspect of it just kills every thing !
As always, very well researched and well written. We all do hope that all such articles of feedback are taken in a positive spirit, and that rapid reforms are made to capture this current global phase which could be India's moment of glory.
While much has changed for the better, a lot still needs to be done.
Agreed, its a large, complex nation with legacy issues. Yet we owe it to ourselves, and to our future generations to make it happen in this decade.
I see the point in the report, and given the ‘stupid money’ in the startup markets, I’m not too enamored solely by what the unicorns experience. Real value creation (including digital business) is happening in the real economy and I’m curious how they experience ease of doing business. Also, what mechanisms make it possible for a large federated country like ours to ever reach ratings of smaller nation-states?
Percolation of bureaucratic hassles in citizens' lives seems to have increased with increased digital penetration. It's probably is a sign of less innovation or apathy towards it, less afinity towards dynamism and uncertainty that entails entrepreneurship, business et al. India's loss is world's gain, sooner the bureaucracy realizes it (which they won't) better it is for India. However, the government of the day, should catch the bull by their horns. Scrapping PSCs is a good step to ensure that, or hire and fire policies. There's also judicial reforms. All of these depends on how society perceives business, risk management. The exodus of Indians to developed nations is linked primarily to such apathy. Hopefully, it'll change (doubtful with this bureaucratic structure). Bureaucracy, by nature, is status quo, politicians need not be, especially when voters are interested in giving the parties clear majority to govern. If fruitful employment, businesses and an environment for the same is not a priority of the governments, then polarisation will rise. Waiting for the concluding piece of the series, Anil ji!
Dear Anil,
Interesting, crisp and very well researched article on the bitter truth of our economy. The hurdles are too many and the common man keeps going in circles.Getting any clearance , license or no objection certificate is still a herculean task.We need to remove the bottlenecks and red tapes in the system.
Looking forward to the conclusion next Monday!!
A very interesting article Anil and a very important one too; as on the one hand it highlights an urgent need and on the other the ramifications of this "unease" of doing business in India, run very deep. In many areas repetitive and time consuming submission of forms have been streamlined and procedures shortened and yet the approval process is stuck at some point; this is where someone with the vested power is awaiting gratification. This person is sometimes protected by people with power, as the graft in big deals, reaches the people with political power; where else will the huge amounts required for fighting elections come from ? Things may have improved a bit under this government but one has to remember the jibe "Hum do hamare do"; so things are very smooth for organizations that know the system. South Korean companies like LG, Sony and Samsung have done exceedingly well in India. If an overhaul of the system has to be done, it has to be done from top to bottom. I will look forward to your article on Monday Anil.
Eye Opener-
Competitiveness between Domestic Industries.
If Ignored - Will be in trap of being Middle-Income country.
If Declined - Will prevent us from becoming Higher-Income country.
Now,
How could BALANCE tasks such as-
1) Our aim to become 5T $ economy with foreign exchange reserve.
AND
2) Promotion & Support to domestic industries only for being 'आत्मनिर्भर' in technology & other Sectors.
And EXPORT of such advanced tech after fullfiling our requirements to increase our FR.
Of Course, It'll require bold steps such as Admistrative policies, Gov tax reforms, Domestic wages, Techno-Legal aspects (IP Regime), Survival & Sustainance assurity.
So well written Anil ! This experience is in your face from the time you even land here ! Last evening at the airport the Customs guy wanted to know why I was carrying 3 mobile phones! There is huge trust deficit and a legacy every where - the number of forms you now have to sign for even simple transactions and KYC is only increasing - there may be a grand intention at the leadership level but the operational aspect of it just kills every thing !
As always, very well researched and well written. We all do hope that all such articles of feedback are taken in a positive spirit, and that rapid reforms are made to capture this current global phase which could be India's moment of glory.
While much has changed for the better, a lot still needs to be done.
Agreed, its a large, complex nation with legacy issues. Yet we owe it to ourselves, and to our future generations to make it happen in this decade.
I see the point in the report, and given the ‘stupid money’ in the startup markets, I’m not too enamored solely by what the unicorns experience. Real value creation (including digital business) is happening in the real economy and I’m curious how they experience ease of doing business. Also, what mechanisms make it possible for a large federated country like ours to ever reach ratings of smaller nation-states?