The report provides insight into the inherent complexity, fluidity and ambiguity of the compliance ecosystem. It delves into the existing challenges in the present regulatory framework and provides insights into the reasons behind accidental non-compliance among employers. It further highlights the changing demands of shareholders, board of directors, regulators, and employees around compliance.

India's business ecosystem is governed by 1,536 acts and rules, 69,233 compliances, and 6,618 filings. Of the 1,536 acts and rules, 843 statutes account for 26,134 compliances. Typical MSMEs deal with anywhere between 500 to 1000 unique compliance obligations depending on the nature of their business. 40% of these obligations come from labour laws. Furthermore, the business regulatory ecosystem must deal with regulatory updates published on over 2,000 government websites on a daily basis.

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