500 micro cuts: Compliance burden weighs heavy on MSMEs that have to adhere to over micro regulations every year
Published on: Sept. 7, 2025, 9:22 a.m. | Source: The Economic Times
Entrepreneurs face a complex web of regulations, hindering growth. MSMEs bear a disproportionate compliance burden. The government is working to decriminalize laws and simplify processes. Jan Vishwas 2.0 aims to further reduce criminal liabilities. Implementation of labor codes and GST framework reset are crucial. Technology and focused simplification can significantly lower compliance costs.
