{"id":76208,"date":"2026-06-08T18:28:09","date_gmt":"2026-06-08T12:58:09","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=76208"},"modified":"2026-06-08T18:29:38","modified_gmt":"2026-06-08T12:59:38","slug":"business-framework-india","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/08-06-2026\/business-framework-india","title":{"rendered":"Ease of Doing Business: Strengthening India\u2019s Business Framework"},"content":{"rendered":"\n<p><strong>Syllabus: GS3\/ Economy<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Context<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>India has undertaken wide-ranging reforms to create a transparent, technology-driven, and trust-based business ecosystem, improving investor confidence and enhancing its global competitiveness.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>India&#8217;s Progress in Ease of Doing Business<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>India improved its rank in the <strong>World Bank&#8217;s Doing Business Report<\/strong> from <strong>142 in 2014 to 63 in 2019,<\/strong> reflecting significant improvements in the regulatory environment.<\/li>\n\n\n\n<li>India&#8217;s position in the<strong> IMD World Competitiveness Ranking <\/strong>improved from 43 in 2021 to 41 in 2025.<\/li>\n\n\n\n<li>India has consistently been placed in <strong>Group A of the World Bank&#8217;s GovTech Maturity Index<\/strong>, indicating advanced digital governance capabilities.<\/li>\n\n\n\n<li><strong>The United Nations E-Government Survey<\/strong> has recognized India&#8217;s progress in online public services, digital infrastructure, and technology-enabled governance.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Reforms in Business Entry and Formalisation<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Startup Ecosystem Development: <\/strong>The Startup India initiative has promoted innovation, entrepreneurship, and job creation through<strong> financial support, incubation facilities, and regulatory incentives.<\/strong>\n<ul class=\"wp-block-list\">\n<li>The number of recognised startups increased from 502 in 2016 to more than <strong>2.23 lakh by March 2026<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Simplification of Company Incorporation:<\/strong> The<strong> SPICe+ platform<\/strong> has integrated multiple registrations such as <strong>PAN, TAN, GST, EPFO, ESIC, and bank account opening <\/strong>into a single online application.<\/li>\n\n\n\n<li><strong>MSME Formalisation: <\/strong>The Udyam Registration Portal has enabled paperless and self-declaration-based registration of MSMEs.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Reforms in Land and Property Administration<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The Digital India Land Records Modernisation Programme (DILRMP)<\/strong> has digitised land records and cadastral maps, reducing disputes and improving transparency.\n<ul class=\"wp-block-list\">\n<li><strong>The Unique Land Parcel Identification Number (ULPIN)<\/strong> has created a unique digital identity for land parcels, enabling accurate land management.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img data-dominant-color=\"bed4d9\" data-has-transparency=\"false\" loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"339\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2026\/06\/image-57.png\" alt=\"ease of doing business\" class=\"not-transparent wp-image-76209\" style=\"--dominant-color: #bed4d9; width:451px;height:auto\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2026\/06\/image-57.png 602w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2026\/06\/image-57-300x169.png 300w\" sizes=\"auto, (max-width: 602px) 100vw, 602px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>National Generic Document Registration System (NGDRS)<\/strong> has streamlined property transactions, promoting EoDB by offering a complete user interface for property and document registration.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Streamlining Regulatory Approvals<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Labour Reforms:<\/strong> The Labour Codes have consolidated multiple labour laws into simplified legal frameworks.\n<ul class=\"wp-block-list\">\n<li>Single registration, single returns, and all-India licences have reduced compliance costs for businesses.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>The National Single Window System (NSWS)<\/strong> provides a unified platform for obtaining approvals and clearances from multiple ministries and states.<\/li>\n\n\n\n<li><strong>Environmental Clearances:<\/strong> The PARIVESH portal has digitised environmental, forest, wildlife, and coastal regulation clearances.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Improving Market Access and Logistics<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Government e-Marketplace (GeM)<\/strong> has expanded procurement opportunities for MSMEs, startups, women entrepreneurs, and self-help groups through a transparent digital platform. It has promoted inclusive participation in public procurement.<\/li>\n\n\n\n<li><strong>Open Network for Digital Commerce (ONDC)<\/strong> has created an open and interoperable digital commerce ecosystem that enables small businesses to compete on equal terms with large e-commerce platforms.<\/li>\n\n\n\n<li><strong>PM GatiShakti <\/strong>has improved multimodal connectivity through integrated infrastructure planning.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Facilitating Access to Credit<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Pradhan Mantri Mudra Yojana: <\/strong>PM Mudra Yojana has expanded financial inclusion by providing collateral-free loans to micro and small enterprises.<\/li>\n\n\n\n<li><strong>The Credit Assessment Model<\/strong> utilises digital financial data for automated loan appraisal, reducing processing time and improving credit delivery.<\/li>\n\n\n\n<li><strong>Trade Receivables Discounting System (TReDS) <\/strong>has improved liquidity for MSMEs by enabling faster realisation of payments from corporate buyers and government entities.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Tax Reforms and Compliance Simplification<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Goods and Services Tax (GST):<\/strong> It\u00a0 has replaced multiple indirect taxes with a unified tax structure, creating a common national market.\n<ul class=\"wp-block-list\">\n<li>It has reduced tax cascading, improved transparency, and facilitated interstate trade.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>The E-Way Bill system<\/strong> has streamlined the movement of goods across states by replacing multiple permits with a single electronic document.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Enhancing Cross-Border Trade<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The Districts as Export Hubs (DEH) <\/strong>initiative aims to promote exports, manufacturing, and employment at the grassroots level.<\/li>\n\n\n\n<li><strong>ICEGATE (Indian Customs Electronic Gateway)<\/strong> serves as a centralized hub for all electronic interactions between Indian customs and the trading community.\n<ul class=\"wp-block-list\">\n<li>It offers a range of services including e-filing, online amendment submission, online duty payment, query resolution.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Trade Connect e-Platform <\/strong>provides comprehensive international trade information and services to all exporters, including MSMEs, enabling them easy access to global markets.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Expanding Digital Public Infrastructure<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Unified Payments Interface (UPI) <\/strong>has transformed digital payments by enabling instant, secure, and low-cost transactions.<\/li>\n\n\n\n<li><strong>EntityLocker<\/strong> a digital locker for the entities empowers organizations by providing a secure, cloud-based platform for storing, sharing, and verifying digital documents and certificates.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Building a Trust-Based Governance Framework<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Jan Vishwas Reforms<\/strong> have decriminalised hundreds of minor business-related offences. These reforms have reduced the fear of criminal prosecution for procedural violations and encouraged voluntary compliance.<\/li>\n\n\n\n<li><strong>The Insolvency and Bankruptcy Code (IBC), 2016 <\/strong>established a time-bound framework for insolvency resolution.\n<ul class=\"wp-block-list\">\n<li>Subsequent amendments have improved procedural efficiency, strengthened creditor rights, and enhanced investor confidence.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Challenges<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Land acquisition and contract enforcement<\/strong> continue to face delays due to disputes, procedural complexities, and judicial backlogs.<\/li>\n\n\n\n<li><strong>Implementation of reforms varies across States and districts<\/strong>, leading to an uneven business environment.<\/li>\n\n\n\n<li><strong>Logistics costs remain relatively high<\/strong> compared to competing economies, affecting industrial competitiveness.<\/li>\n\n\n\n<li><strong>MSMEs continue to face constraints<\/strong> in accessing finance, technology, skilled manpower, and global markets.<\/li>\n\n\n\n<li><strong>Commercial dispute resolution remains time-consuming<\/strong>, despite improvements in insolvency and regulatory frameworks.<\/li>\n\n\n\n<li><strong>Global economic uncertainties and supply chain disruptions<\/strong> continue to pose risks to investment and trade growth.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Way Ahead<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Reduce logistics costs<\/strong> by expanding multimodal connectivity, improving warehousing infrastructure, and enhancing last-mile connectivity.<\/li>\n\n\n\n<li><strong>Enhance MSME competitiveness <\/strong>through easier access to finance, technology adoption, skill development, and integration into global value chains.<\/li>\n\n\n\n<li><strong>Accelerate land and judicial reforms <\/strong>to ensure faster land acquisition, contract enforcement, and commercial dispute resolution.<\/li>\n\n\n\n<li><strong>Promote innovation and digital transformation<\/strong> to improve productivity, attract investments, and support India&#8217;s transition towards a globally competitive economy.<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2269961&amp;reg=3&amp;lang=1\" target=\"_blank\" rel=\"noopener\"><strong>PIB<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong> Context <\/strong><\/p>\n<li class=\"ms-5\"> India has undertaken wide-ranging reforms to create a transparent, technology-driven, and trust-based business ecosystem, improving investor confidence and enhancing its global competitiveness. <\/li>\n<p><\/p>\n<p><strong> India&#8217;s Progress in Ease of Doing Business <\/strong><\/p>\n<li class=\"ms-5\"> India improved its rank in the World Bank&#8217;s Doing Business Report from 142 in 2014 to 63 in 2019, reflecting significant improvements in the regulatory environment. <\/li>\n<li class=\"ms-5\"> India&#8217;s position in the IMD World Competitiveness Ranking improved from 43 in 2021 to 41 in 2025. <\/li>\n<p><a href=\" https:\/\/www.nextias.com\/ca\/current-affairs\/08-06-2026\/business-framework-india \" class=\"btn btn-primary btn-sm float-end\">Read More<\/a><\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-76208","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/76208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=76208"}],"version-history":[{"count":2,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/76208\/revisions"}],"predecessor-version":[{"id":76211,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/76208\/revisions\/76211"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=76208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=76208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=76208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}