“India has built a reputation as a notoriously tough place to do business, one that has stymied even giants like Walmart. And unlike Silicon Valley, where a decent idea can attract funding, investors in India are much more reluctant to risk their money on start-ups.  The frustrations of doing business in India include bureaucratic hurdles in licensing and making other filings, and pressure for bribes, which Americans cannot legally give. Many start-ups avoid these hurdles by catering to private clients and by making products that do not need governmental approval.  Entrepreneurs have also had to adjust business plans quickly to get around complications.”

http://dealbook.nytimes.com/2013/12/30/american-style-start-ups-take-root-in-india/

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