The Indian government has approved a new regulatory reform aimed at easing compliance requirements for small and medium-sized businesses, a move officials say will reduce paperwork, speed up approvals, and encourage entrepreneurship. The reform introduces a simplified digital filing system, fewer mandatory inspections, and faster clearance timelines for licenses and renewals. Government sources stated that the decision is part of a broader effort to boost domestic manufacturing, support startups, and improve the overall ease of doing business. Business associations have welcomed the announcement, noting that reduced regulatory burden could help thousands of small enterprises expand operations, generate employment, and compete more effectively in both domestic and global markets.
Indian government clears major reform to simplify small business compliance
