Objective is to see how to make life easier for people investing in India: M Damodaran

On ease of doing business, he said India needs to check whether the context of certain laws and regulations have changed since the laws were introduced.

He said, "Certainly you got to look at all the existing regulations and laws and see whether there are any among them that are past their sell-by date, lost relevance. Because you write laws and regulations in a context, has the context changed? Of course, at the back of all of this, we got to keep in mind the fact that India needs to see a lot of investment coming from outside of India. So how are you going to make it a little easier? That's exactly what we are addressing."

Talking about lessons from layoffs in startups Damodaran said companies need to do scenario analysis, and scenario planning.

He said, "In good times you obviously think these will continue forever. There will be challenges that come in from outside, challenges from outside your company when I say outside within the ecosystem, but outside your company, and you got to see how you address those."

He added that if one doesn't plan for a bad day, and thinks that the sun will shine throughout, clearly then the business model has weaknesses. Every company should have fallback options instead of addressing problems when they show up.