Regulatory Overload: MSMEs Face Rs 13 Lakh Yearly Compliance Costs, Over 1,000 Regulations, And High Jail Risk, Says Report
India’s micro, small and medium enterprises (MSMEs), the backbone of the nation’s employment and manufacturing sector, are grappling with a regulatory ecosystem that is becoming increasingly burdensome, a recent comprehensive report has revealed. According to the study conducted by TeamLease RegTech, MSMEs in India are subject to over 1,000 complex regulations with an annual compliance…
