Bangalore: The Indian startup environment is being seen as a developing one in terms of the number of firms and exclusive creativeness coming to the forefront. As a variety of new businesses are established each day, we should not boast much about it as entrepreneurs themselves are facing ‘regulatory roadblocks’ and inconveniences to cater to the needs of their clients. Though the potential of few startups are limitless the hindering factor here has always been the tedious government policies and procedures. While sometimes it is the unnecessary interference of certain government bodies blocking the long way there is also immense corruption and banking regulations posing a threat to some highly efficient startups.  

Let us now look at some of the issues which lead to a lot of disturbances in the Indian startup ecosystem.

#6 The banking issues suffered by Indian startups

In countries like the U.S., it takes just a week to register a company while in Singapore, it only takes 3 days. In India, budding entrepreneurs have a major concern as registrations take more than a month’s time. Opening a current account requires a set of 6 to 7 documents, certified by a C.A. Often banks decline if a startup does not have a service tax or VAT registration.

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