#3 Way behind in technology, way ahead in tolerance

With regards to social media, websites which carry user generated content can be pulled up in court. Therefore they are affected this way and this results in very few ventures being launched.

Mobile remittances and digital payment services are banned on encashing currency by users of mobile money products. In this case, financial services startups, telecos and mobile money startups face an issue. This impact is seen on new business models that revolve around online payments.

#2 To what does India look with head held high?

With the policies and regulations startups have to face, India however boasts of cost competitiveness, skilled workforce, large domestic economy, access to financing, keen interests from foreign investors, strong fiscal policy, policy stability and predictability.

#1 What needs to be considered the most for India right now?

According to data sourced out from IMD, India slips in competitiveness being the fortieth in the list as compared to U.S. which overtakes all the countries. World Bank has also shown that it takes 27 days to start a company in India while it only takes 6 days in New Zealand, 3 days in Singapore and 5 days in Canada.

There could be many reasons to see India taking the least step in the startup arena. The country’s weaknesses as a market lie due to poor business legislation, poor basic infrastructure, inadequate health and environment safety, bribery and corruption, exchange rate volatility and low broadband rate.

Read: 10 Unbelievable Startup Experiences

Also read:  Indian Startup Ecosystem To Soon Get IBM's 'Watson'