Discuss the relationship between political system and business in India?

The relationship between the political system and business in India is characterized by a mix of regulatory frameworks and market dynamics. The Indian government plays a significant role in shaping business through policies, regulations, and incentives, impacting sectors like manufacturing, services, and agriculture. Additionally, the interplay between public and private sectors often influences investment decisions and economic growth. However, challenges such as bureaucratic hurdles and corruption can affect the business environment, highlighting the need for reforms to enhance ease of doing business.