India needs more entrepreneurs and less policy: Kunal Bahl, Snapdeal

Ease of doing business is important for any enterprise, but critical for startups. With limited resources, they cannot afford to spend too much time, money and effort in navigating a complex environment, populated by archaic laws and a labyrinth of registrations, permits and approvals.

In the past year, India has already jumped up 12 places on the Ease of Doing Business (EODB) Index.