Proposed Digital Competition Bill likely to hurt MSMEs and startups: Survey

A proposed Digital Competition Bill in India could have a detrimental impact on small and medium enterprises (SMEs) and startups, according to a recent survey. The bill aims to regulate the digital economy, focusing on anti-competitive practices in the tech industry. However, experts argue that the regulations could lead to increased compliance costs and hinder the growth of small businesses. Startups, in particular, may face difficulties adapting to the bill’s stringent requirements. The bill is seen as a balancing act between promoting fair competition and ensuring that regulations do not stifle innovation in India’s burgeoning startup ecosystem. Industry stakeholders are calling for a more tailored approach to ensure equitable growth.