Many of the so-called "Indian startups" are actually registered outside India. It may come as a surprise when you discover the actual numbers. This process of shifting the domicile of a company from one country to another, typically for strategic or operational reasons is called Flipping. These startups employ mechanisms like holding companies in foreign jurisdictions and operating through a subsidiary in India. However, the tide is turning as some of these startups are now choosing to return to India, despite the significant expenses and complexities involved in the process.
In a recent news report, it was indicated that the Goods and Services Tax Network (GSTN) will finally be a part of India's Account Aggregator (AA) network by July 1st. The Reserve Bank of India allowed this integration in November, last year. This integration is set to have a profound impact on businesses, MSMEs in particular.
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