1. Demonetization: The sudden ban on Rs. 500 and Rs. 1000 notes in November 2016 had affected the business community significantly. It led to a cash crunch and disrupted business transactions.
2. Implementation of Goods and Services Tax (GST): The introduction of GST in July 2017, while a significant tax reform, led to challenges related to compliance for businesses. There were problems with GST return filing, integration with tax software, and the complexity of the tax structure.
3. Slowdown in the economy: The Indian economy faced a slowdown in recent years, mainly due to internal and external factors, such as liquidity crunch, rising NPAs, challenges faced by the MSME sector, the COVID-19 pandemic, etc.
4. Trade Policies: Changes in various trade policies, including import-export regulations and decisions such as stopping or slashing the import duties have affected various businesses in different sectors.

It’s important to note that the challenges faced by businessmen aren’t restricted to a particular party/government but are common across various governments. Moreover, the business community does get to enjoy some benefits like reduction in corporate tax rates, the introduction of the Insolvency and Bankruptcy Code, and the recent emphasis on self-reliant India (Atmanirbhar Bharat), which has offered new opportunities for businesses in the country.