How does regulatory compliance in India differ across industries?
Regulatory compliance in India varies significantly across industries due to the specific legal and operational requirements each sector faces. For example, the financial industry is heavily regulated by the Reserve Bank of India (RBI), requiring strict adherence to banking and financial laws. The healthcare sector must comply with regulations set by bodies like the Drug Controller General of India (DCGI) and follow stringent patient data protection laws. Meanwhile, the manufacturing industry focuses on environmental regulations and labor laws. Each industry faces unique compliance challenges based on its operational scope and regulatory bodies.