No easing off 'ease of doing business'
The concept of 'ease of doing business' is being reinterpreted. Some businessmen are using it to bypass regulations and avoid compliance. This approach prioritizes personal gain over national development. The focus is on finding loopholes rather t...

For many, it's a licence to instal a factory in a cow shed, register it under three different names, and claim GST refunds on imaginary exports to Wakanda. Paperwork is for Nehruvian boomers. Real 'innovators' run the system on WhatsApp forwards, cousin connections and 'jugaad', now renamed 'disruption'. Ask your standard success-hungry entrepreneur about compliance, and he'll show you how in those hoary pre-liberalisation days, exactly those kinds of concepts like compliance brought the nation to the brink of communism. Labour laws, in today's set-up with AI on the prowl, means sniffing about for workarounds. 'Ease...' is not about reducing red tape, it's about wrapping it around everyone else except your business. So, next time someone quotes India's ranking, ask, 'Ease for whom?' The answer is always: 'Sir, you have to understand....'
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.