If the system is not conductive to Business, Manufacturing and other Business activities will not flourish, cost of doing business will be more, resulting in losing our competitive advantage , so most of the goods and services will be imported, resulting in skewed balance of Payment, External borrowings, and interest payments, and ultimately ,country will become pauper.
The process has started, the warning signs are their, china has monopolized world manufacturing. Our imports are double our exports. Our borrowings are increasing.
Similarly most of manufactures have fled from our state(WB) to other states with better facilities conductive to business, to remain competitive , which is necessary for their survival, state govt. have to depend on revenue from a few traders, which being insufficient , it has to ask central government for finance for all its projects, increasing the financial burden on next generation
Now, If we want our next generation to survive , we need to save our country and state from being pauper, we need to reverse this process immediately and make all the ingredients of our systems friendly to business, right from the laws including taxation laws and the officers implementing the same, the transportation, communication and other infrastructure, so as to reduce costs of doing business all along, making our businesses competitive and able to survive and florish in the competitive world.