If you're a tech entrepreneur, this should worry you regardless. Any industry that the Indian government meddles in eventually gets regulated to death. You have to pay bribes for X or Y license or permission.
The tech industry thrived precisely because there is little regulation.
If your apps have to go through the Indian government to be published, be prepared to pay bribes to pass through the regulatory hurdles and needless paperwork.
No Indian government in my living memory has worked to reduce regulations and compliance, including the current one.
The fact that you mentioned "paperwork" for an app store application sums up exactly how this whole mess will turn out. :)
This Indian government has certainly reduced regulations and compliance - if you're in the B club. I have a distant grand uncle and an uncle both in the B club. They were essentially waved through to set up shop in UP - even though they're Muslim, openly religious and practicing, and have literally been photographed very often inviting Rahul Gandhi and other Congress leaders to their homes right before elections.
Money talks. I mentioned in another comment on HN, that if you are in the B club, you're likely the one ordering the gangsters in the government.
I run a very small online business incorporated as a Pvt Ltd. There is more paperwork now than ever with GST. What's worse is that the regulations keep changing every few months. Tax rates change, deadlines change, exemption limits change. One of the most flawed and confusing taxes I've ever had the displeasure of dealing with.
The tech industry thrived precisely because there is little regulation.
If your apps have to go through the Indian government to be published, be prepared to pay bribes to pass through the regulatory hurdles and needless paperwork.
No Indian government in my living memory has worked to reduce regulations and compliance, including the current one.