Reform labour laws to enhance ease of doing business, create jobs: Survey

Flexible labour laws will allow firms to grow larger and reap economies of scale, raise productivity, create jobs and spur higher growth, a survey of companies by NITI Aayog and IDFC institute showed on Monday.

"Reforming labour laws and achieving greater flexibility in their implementation can greatly help enhance the ease of doing business," said the survey of 3,276 manufacturing enterprises, including 141 early stage firms. It said that firms in the labour-intensive sectors find compliance with labour-related regulations particularly onerous and this fact translates into firms avoiding labour intensive sectors.................Read more


Source: The Times of India

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