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India’s ambition to become a developed nation by 2047 is severely hindered by over-regulation, which the author terms "strangulation". Driven by an archaic, distrust-based approach, current laws are overly complex, coercive, and often weaponized for bureaucratic intimidation and corruption. This excessive compliance burden stifles risk-taking, innovation, and the overall ease of doing business. Instead of enabling growth, the system traps citizens in multiple registrations, overlapping filings, and unending litigation without administrative accountability. To unlock its economic potential, India must shift towards trust-based governance, proportionate regulations, and unified compliance systems like "One Nation, One Business, One Number".
Reform is China's second revolution – Deng Xiaoping
Since independence we have solved innumerable problems, which most born after 1990 cannot even imagine. My past articles1 have covered few areas of phenomenal transformation and challenges in recent times. Bharat now seeks to become a developed nation by 2047 (21 years to go).
In this article, we look at a limiting factor - over regulation - that blocks the target. Apart from being a remnant of the Raj, OVER REGULATION or as I call it S
