MaduraiStartups’ Post

In a recent viral post on Reddit, an Indian startup founder shared his candid thoughts on the challenges of building a successful business in India. The individual, who holds a degree from a premier Indian engineering institute and has experience working in the US, has urged high-salaried employees to consider leaving the country due to what he perceives as “stifling innovation” and a lack of a supportive business environment. The startup founder of a “well-funded business” that employs 30 people with an average salary of ₹ 15 lakh shared on Reddit, “Leave India! It's high time! And I'm saying this as someone who runs a successful business!” One of the major issues he pointed out is the prevalence of "regional hate" that he encounters on a weekly basis. The entrepreneur also criticized India's bureaucratic hurdles, citing an incident where his app faced a fraudulent case that resulted in ongoing legal troubles despite his efforts to resolve the issue. “You have to be a bureaucrat, politician, or celeb to get things done easily,” he lamented. Another major grievance he shared is the high taxes in India, which he believes are not justified by the level of government services provided. The startup founder recounted a discouraging encounter in Goa where he was berated for asking a group of people to use a bin instead of littering, emphasizing the lack of civic sense he observed in the country. Painting a grim picture of India's economy, the entrepreneur warned of a potential "terrible economic collapse" and expressed concern over the depreciating value of the rupee. He suggested that innovators consider relocating to countries like the UAE or Thailand, where he believes the environment is more conducive to groundbreaking work. In his final statement, the entrepreneur urged individuals to consider leaving a country where even popcorn is subject to high taxes, alluding to the recent GST rules that impose up to 18 percent tax on the popular snack. Reddit later removed the post. #startuppedia #startup #business #gst #tax

In a recent viral post on Reddit, an Indian startup founder shared his candid thoughts on the challenges of building a successful business in India. The individual, who holds a degree from a premier Indian engineering institute and has experience working in the US, has urged high-salaried employees to consider leaving the country due to what he perceives as “stifling innovation” and a lack of a supportive business environment. The startup founder of a “well-funded business” that employs 30 people with an average salary of ₹ 15 lakh shared on Reddit, “Leave India! It's high time! And I'm saying this as someone who runs a successful business!” One of the major issues he pointed out is the prevalence of "regional hate" that he encounters on a weekly basis. The entrepreneur also criticized India's bureaucratic hurdles, citing an incident where his app faced a fraudulent case that resulted in ongoing legal troubles despite his efforts to resolve the issue. “You have to be a bureaucrat, politician, or celeb to get things done easily,” he lamented. Another major grievance he shared is the high taxes in India, which he believes are not justified by the level of government services provided. The startup founder recounted a discouraging encounter in Goa where he was berated for asking a group of people to use a bin instead of littering, emphasizing the lack of civic sense he observed in the country. Painting a grim picture of India's economy, the entrepreneur warned of a potential "terrible economic collapse" and expressed concern over the depreciating value of the rupee. He suggested that innovators consider relocating to countries like the UAE or Thailand, where he believes the environment is more conducive to groundbreaking work. In his final statement, the entrepreneur urged individuals to consider leaving a country where even popcorn is subject to high taxes, alluding to the recent GST rules that impose up to 18 percent tax on the popular snack. Reddit later removed the post. #startuppedia #startup #business #gst #tax

In a recent viral post on Reddit, an Indian startup founder shared his candid thoughts on the challenges of building a successful business in India. The individual, who holds a degree from a premier Indian engineering institute and has experience working in the US, has urged high-salaried employees to consider leaving the country due to what he perceives as “stifling innovation” and a lack of a supportive business environment. The startup founder of a “well-funded business” that employs 30 people with an average salary of ₹ 15 lakh shared on Reddit, “Leave India! It's high time! And I'm saying this as someone who runs a successful business!” One of the major issues he pointed out is the prevalence of "regional hate" that he encounters on a weekly basis. The entrepreneur also criticized India's bureaucratic hurdles, citing an incident where his app faced a fraudulent case that resulted in ongoing legal troubles despite his efforts to resolve the issue. “You have to be a bureaucrat, politician, or celeb to get things done easily,” he lamented. Another major grievance he shared is the high taxes in India, which he believes are not justified by the level of government services provided. The startup founder recounted a discouraging encounter in Goa where he was berated for asking a group of people to use a bin instead of littering, emphasizing the lack of civic sense he observed in the country. Painting a grim picture of India's economy, the entrepreneur warned of a potential "terrible economic collapse" and expressed concern over the depreciating value of the rupee. He suggested that innovators consider relocating to countries like the UAE or Thailand, where he believes the environment is more conducive to groundbreaking work. In his final statement, the entrepreneur urged individuals to consider leaving a country where even popcorn is subject to high taxes, alluding to the recent GST rules that impose up to 18 percent tax on the popular snack. Reddit later removed the post. #startuppedia #startup #business #gst #tax

In a recent viral post on Reddit, an Indian startup founder shared his candid thoughts on the challenges of building a successful business in India. The individual, who holds a degree from a premier Indian engineering institute and has experience working in the US, has urged high-salaried employees to consider leaving the country due to what he perceives as “stifling innovation” and a lack of a supportive business environment. The startup founder of a “well-funded business” that employs 30 people with an average salary of ₹ 15 lakh shared on Reddit, “Leave India! It's high time! And I'm saying this as someone who runs a successful business!” One of the major issues he pointed out is the prevalence of "regional hate" that he encounters on a weekly basis. The entrepreneur also criticized India's bureaucratic hurdles, citing an incident where his app faced a fraudulent case that resulted in ongoing legal troubles despite his efforts to resolve the issue. “You have to be a bureaucrat, politician, or celeb to get things done easily,” he lamented. Another major grievance he shared is the high taxes in India, which he believes are not justified by the level of government services provided. The startup founder recounted a discouraging encounter in Goa where he was berated for asking a group of people to use a bin instead of littering, emphasizing the lack of civic sense he observed in the country. Painting a grim picture of India's economy, the entrepreneur warned of a potential "terrible economic collapse" and expressed concern over the depreciating value of the rupee. He suggested that innovators consider relocating to countries like the UAE or Thailand, where he believes the environment is more conducive to groundbreaking work. In his final statement, the entrepreneur urged individuals to consider leaving a country where even popcorn is subject to high taxes, alluding to the recent GST rules that impose up to 18 percent tax on the popular snack. Reddit later removed the post. #startuppedia #startup #business #gst #tax

In a recent viral post on Reddit, an Indian startup founder shared his candid thoughts on the challenges of building a successful business in India. The individual, who holds a degree from a premier Indian engineering institute and has experience working in the US, has urged high-salaried employees to consider leaving the country due to what he perceives as “stifling innovation” and a lack of a supportive business environment. The startup founder of a “well-funded business” that employs 30 people with an average salary of ₹ 15 lakh shared on Reddit, “Leave India! It's high time! And I'm saying this as someone who runs a successful business!” One of the major issues he pointed out is the prevalence of "regional hate" that he encounters on a weekly basis. The entrepreneur also criticized India's bureaucratic hurdles, citing an incident where his app faced a fraudulent case that resulted in ongoing legal troubles despite his efforts to resolve the issue. “You have to be a bureaucrat, politician, or celeb to get things done easily,” he lamented. Another major grievance he shared is the high taxes in India, which he believes are not justified by the level of government services provided. The startup founder recounted a discouraging encounter in Goa where he was berated for asking a group of people to use a bin instead of littering, emphasizing the lack of civic sense he observed in the country. Painting a grim picture of India's economy, the entrepreneur warned of a potential "terrible economic collapse" and expressed concern over the depreciating value of the rupee. He suggested that innovators consider relocating to countries like the UAE or Thailand, where he believes the environment is more conducive to groundbreaking work. In his final statement, the entrepreneur urged individuals to consider leaving a country where even popcorn is subject to high taxes, alluding to the recent GST rules that impose up to 18 percent tax on the popular snack. Reddit later removed the post. #startuppedia #startup #business #gst #tax

Doing business in India is a pain. Very recently, an anonymous founder on Reddit clearly spoke that an individual should leave India as soon as they are financially stable. Going by the record and as per the government, 5000 startups registered under Startup India have shut down since inception. I am not too sure about other countries but running a small company is a big challenge. Starting from getting the GST number to Auditing of the current account, everything is just.....Even a 1 month old company has to follow strict compliance. Although, India has taken significant steps to make doing business easy but it is still far from being easy. As soon as the business picks up, all the agencies are after your life to prove every penny. In my personal opinion, bureaucracy and the judiciary has to improve in India. The corruption in Babus and delays in Judiciary will force good citizens and businesses to move out of India as soon as they get the opportunity to. Taxes are here to stay. Can't do much about it.

Doing business in India is a pain. Very recently, an anonymous founder on Reddit clearly spoke that an individual should leave India as soon as they are financially stable. Going by the record and as per the government, 5000 startups registered under Startup India have shut down since inception. I am not too sure about other countries but running a small company is a big challenge. Starting from getting the GST number to Auditing of the current account, everything is just.....Even a 1 month old company has to follow strict compliance. Although, India has taken significant steps to make doing business easy but it is still far from being easy. As soon as the business picks up, all the agencies are after your life to prove every penny. In my personal opinion, bureaucracy and the judiciary has to improve in India. The corruption in Babus and delays in Judiciary will force good citizens and businesses to move out of India as soon as they get the opportunity to. Taxes are here to stay. Can't do much about it.

Doing business in India is a pain. Very recently, an anonymous founder on Reddit clearly spoke that an individual should leave India as soon as they are financially stable. Going by the record and as per the government, 5000 startups registered under Startup India have shut down since inception. I am not too sure about other countries but running a small company is a big challenge. Starting from getting the GST number to Auditing of the current account, everything is just.....Even a 1 month old company has to follow strict compliance. Although, India has taken significant steps to make doing business easy but it is still far from being easy. As soon as the business picks up, all the agencies are after your life to prove every penny. In my personal opinion, bureaucracy and the judiciary has to improve in India. The corruption in Babus and delays in Judiciary will force good citizens and businesses to move out of India as soon as they get the opportunity to. Taxes are here to stay. Can't do much about it.