THE REGULATORY HURDLES AND ECONOMIC GROWTH OF INDIA This article by Gurcharan Das highlights the regulatory hurdles stifling India's economic growth and proposes "low-hanging fruit" reforms. It is highly relevant for UPSC General Studies Paper II (Governance) and Paper III (Economy). Key Challenges Identified * Regulatory Overload: Indian companies face a staggering 1,536 acts, 6,618 filings, and 69,233 compliances. Nearly half of these carry potential jail sentences, creating a climate of fear for MSMEs. * Structural Issues: 45% of the workforce is still stuck in low-productivity agriculture; India’s share of global exports remains low (approx. 2%); and it attracts only 1.3% of global tourists. * Competitive Disadvantage: High compliance costs and restrictive land/labour laws make India less attractive than Vietnam for companies moving out of China. * Infrastructure & Policy Gaps: Lack of cold chain infrastructure leads to 1/3 of produce ro...
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