The document discusses how India has become a high cost economy due to factors like regulatory delays, high power costs, poor infrastructure, high transportation costs, and high commercial taxes. These factors increase business costs in India by 10-45% compared to other countries. For example, building a hotel in India costs 45% more and takes 3 years compared to 1 year in the US due to regulatory delays. Power costs in India are also much higher at $6-8 per unit compared to $1.50-3.50 in the US. The document concludes with recommendations for the government to take actions to reduce costs and regulatory hurdles to make India a less expensive place to do business.