Presentation by Mansi Basantani

Analyzing the quotient of ease of doing business in India i.e. assessing the hurdles businesses face and the procedures that have to be followed while doing business in India.

India’s rank in ease of doing business

In 2014 : 140

In 2015 : 142

Net change = -2

The fall in rank is not due to fall in India’s performance in this regard, instead it’s a result of improvement in other countries’ performances.

For promoting entrepreneurship in India, it is quite necessary that we improve our ranking (ie;158 ) in ease of starting a business.

It still involves numerous procedural delays and formalities which discourages a person in taking up an idea.

Time required to complete all formalities relating to starting a business takes around 28 days in India and due to delays it may take longer.

Whereas in countries like UK, US and New Zealand, time required to start a business is only 6,6 and 1 days respectively.

This tells about the reason why these countries have been successful in promoting Entrepreneurial culture.

Understanding the difficulties involved in Starting a Business in India

Any business small or big needs a capital to start. If you’re in India and coming from a middle class background then it is quite obvious that you’ll be unable to amass sufficient cash to start a small business.

Hence, you’ve to look towards banks or other firms that can grant you some loan to start your business. Although there’re thousands of banks which ready to lend you cash.

But the problem is they’re reluctant to give to people who don’t have strong financial background.

If you’re starting a small business then people in your area, town or city should know about it.

In order to advertise your business locally ,you’ve to go through all sorts of thing.

Online advertising is quite expensive and beyond the reach of many small business owners.

Thus, in the competition to expand your business you need to innovate new advertising techniques. But in India it’s restricted to big corporations only.

While under no circumstances, corruption can be justified, it is a bitter truth that it is rampant in many government departments. Even private sector is not spared by it. We have to make a collective effort to curb this social evil. As it hampers growth of the business, it is a challenge for budding entrepreneurs.

Lack of manufacturing capability in India has been attributed to red tapism and corruption, but the low productivity of labour is also a big factor.

We can conclude that still reforms are needed to make an ideal environment for nurturing businesses. And to truly emerge as a ideal economy for doing business, India needs to get rid of menaces like corruption, red tapism and anything which hampers growth & functioning of businesses.

Agile software development is a conceptual framework for software engineering that promotes development iterations throughout the life-cycle of the project.

Software developed during one unit of time is referred to as an iteration, which may last from one to four weeks.

Agile methods also emphasize working software as the primary measure of progress

Agile development provides opportunities to assess the direction throughout the development lifecycle. This is achieved through regular cadences of work, known as Sprints or iterations, at the end of which teams must present a potentially shippable product increment. By focusing on the repetition of abbreviated work cycles as well as the functional product they yield, agile methodology is described as “iterative” and “incremental.” In waterfall, development teams only have one chance to get each aspect of a project right. In an agile paradigm, every aspect of development — requirements, design, etc. — is continually revisited.

Requirements

Gathered

Architecture Designed

Coding Completed

Testing

Sequential – series of steps

Individuals and interactions over processes and tools

Working software over comprehensive documentation

Customer collaboration over contract negotiation

Responding to change over following a plan

Our highest priority is to satisfy the customer through early and continuous delivery of valuable software.

Welcome changing requirements, even late in development. Agile processes harness change for the customer's competitive advantage.

Deliver working software frequently, from a couple of weeks to a couple of months, with a preference to the shorter timescale.

Business people and developers must work together daily throughout the project.

Build projects around motivated individuals. Give them the environment and support they need, and trust them to get the job done.

Very logical

Easy to sign contracts

Specialized people in each domain

Tracking at each step becomes possible

Works best if everything goes as planned