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Significance of EoDB
attract investment , global trade
clear, stable rules eg. PLI have helped india join global supply chain
helps small businesses by simplifying rules, removing unnecessary hurdles
Good Governance, Faceless tax assessment, National Single Window Clearance etc eliminate discretionary human interface , curbing corruption
creates jobs by lowering barrier to starting business
boosts efficiency of economy and innovation
Challenges with EoDB
slow legal system : 4.6Cr pending cases, money stuck in commercial disputesrecent improvements in business legislation have mostly helped large corps due to their capability to quickly adapt to new systems like GST Compliance, e-invoicing
Not all states are equally adopting business reforms
land and labour bottleneck
land == complex state subject, w/o clear titles
skill gap in workforce
Legislations to support EoDB