10 Reasons doing Business in India - Bad Idea

10 Reasons for doing Business in India is a bad Idea for current economy. India has a Hugh Economy for sure, Lets analyse the current situation.

Demonetisation - It has destroyed the Economy so bad, millions of small businesses have closed their shops already. When 1000s and 500s notes were close to 70%, as a result all business transactions stopped for sometime.

Businesses after demonetisation - Business not only stopped during this demo notes, it took a hit on sentiments. People simply stopped spending for months. Real Estate, Textiles, Consumer goods, Auto sales etc took a deep hit. Most of the informal business had to shut down.

Farm Crisis - In the history of this country farmers never seen this level of distress. Yes they struggled during Congress period also, but now it is a total crisis. The notes demo has totally destroyed the farm sector.

GST - One more big mess. The idea itself is wrong for a country like this. You cannot expect small traders to learn English, IT systems and start filing tax returns on the website or mobile apps. Thousands of businesses are struggling and instead of focusing on business, people are doing this IT filing stuff. When VAT was working so well, what is the use of implementing GST.

Employment - Total failure, millions have lost their jobs already. Real Estate sector which hires most has totally come to halt.Similarly other sectors also struggling. Today even footfall in hotels are still much lower compared to pre-demo era.

Treasury - Its empty even SBI posted loss of 7000 CR for the first time in Indian history. Tax collections are down for both direct and indirect. In short the Govt has "No money" to say. That's way they came up with idea, bank deposits will be taken away and shares will be given to depositors. In this scenario why such an idea! not required.

Petrol & Diesel - Never has the prices come to this level. Why Govt is unable to reduce the prices despite public outcry, because the main reason is treasury is empty. More money is needed to fund loss making PSU's and banks and paying enormous bureaucracy salaries.

Bank FDs - The bank FD rates has come down because there is no money. Business are running under loss and they are not paying any loans to the banks. So banks are under severe loss now with SBI posting the first loss in history.

Bankruptcy Law - Don't ask its a big mess. Due to this law if anyone defaults EMIs for 2 times, then the company will automatically taken over by the banks.What bank will do with all the materials, as a result a good profitable business gown down due to this disastrous law.

In short the current economy is in total mess, due to the misguided policies of Government.