Do you know how business is interlinked with Governments ?
You might think governments, what is the need for it ?
I don't need help or loans. I can start my own, and I am not accountable to anyone. I will pay tax and I am done.
No, governments and business go hand in hand. How ? Let's discuss
*During 1991, LPG reforms were initiated by PV Narsimha Rao's government. It had a direct impact on Indian and world markets. The competition between the world and India has increased. In terms of economics and more opportunities, from job creation to reduction of barriers to export and imports.
*The government creates rules, regulations, tenders, facilities for the tax and legal system. Acts as a big brother to your business to work efficiently and safely. It protects you from law and legal procedures in case of problems. It collects revenue from your profit through taxes and allows you to enhance it better through loans and policies.
*The leaders who travel and sign MoUs for the nation are creating a path to your business. what kind of products and materials you need for the future of India.
*Job creation on a big scale, promoting better rules and regulations leads to great business, and it eventually helps employment creation. Your business is considered as a data pointer for the government to say what we have done.
*A country with good business is equal to better economic growth, and it shows how developed a country will be in terms of safety, wealth and economic growth.
*Note ban had an impact on businesses or not ?
Yes, absolutely it had. The government and business are the backbone of our country. It projects and creates an estimation of how good a country is based on parameters of the business model only.
