या आहेत 30 जानेवारी 2021 च्या ठळक बातम्या

Ease of Doing Business in the last 11 years has evolved from a simple reform checklist into a comprehensive governing philosophy. The real story, especially in the last year, goes far beyond improved rankings or isolated policy announcements.
The deeper transformation lies in the shift from episodic reforms pre 2014 to a fully systemic approach. Ease of Doing Business is no longer a temporary campaign but a permanent feature of how governance operates at every level.
India has successfully moved towards regulatory simplification, labour transformation, digital governance, and grassroots inclusion into one coherent and powerful economic engine. This represents Modi Economics at its mature stage, where Ease of Doing Business is about making sustained and inclusive growth inevitable in practice.
India’s Ease of Doing Business journey started with a clear intent to improve global rankings, simplify procedures, and attract fresh investment. 43% reduction in logistics costs within a single GST era shows how that ambition evolved into something far deeper; the creation of a unified national market with continent-scale supply-chain efficiency.
Over time, these efforts have become deeply institutionalised. Soon,across the last 12 years, our government has transformed the ‘fear of business’ into ‘ease of doing business.

The Labour Codes: EoDB’s Most Strategic Reform

For years, many Ease of Doing Business reforms concentrated on entry barriers such as licenses, permits, and initial clearances. The more persistent constraint, however, remained inside the system itself through a fragmented and outdated labour regime that actively discouraged firms from scaling up operations. The four Labour Codes have addressed this structural bottleneck directly, making them arguably the most consequential Ease of Doing Business reform of the Modi era.
By consolidating 29 central labour laws into four streamlined codes—the Code on Wages 2019, the Industrial Relations Code 2020, the Code on Social Security 2020, and the Occupational Safety, Health and Working Conditions Code 2020, the government has dramatically reduced compliance complexity while simultaneously expanding protections for workers. These codes became effective from 21st November 2025.
This alignment delivers simpler compliance for businesses alongside stronger safeguards for workers, creating a truly transformative balance. The shift from 29 overlapping laws to four unified codes has slashed regulatory burden and overlap. Universal social security now covers gig, platform, and unorganised workers within the formal safety net.
Firms gain greater flexibility to scale operations without immediately hitting punitive regulatory thresholds, while workers continue to enjoy essential protections. Risk-based inspections have replaced arbitrary inspector discretion with transparent, data-driven oversight, which reduces harassment and policy uncertainty for enterprises.
In Ease of Doing Business terms, this breakthrough addresses not only the ease of starting a business but crucially the ease of growing and sustaining one over the long term.

Solving India’s “Dwarf Firm” Problem

Before 2014, India’s economy displayed a striking paradox with millions of enterprises existing but very few managing to scale meaningfully. Labour laws contributed significantly to this distortion. Many firms deliberately remained below regulatory thresholds, relied heavily on subcontracting, and avoided formal hiring to escape compliance burdens. The result was a dwarf manufacturing economy that was large in numbers but small in productivity and competitiveness.
The Labour Codes, seamlessly integrated into the broader Ease of Doing Business framework, have fundamentally altered these incentives. Firms can now expand their workforce without facing disproportionate compliance costs.
Formal hiring has become economically viable and attractive. Productivity gains that come from economies of scale are finally within reach for a much larger number of businesses. This reform goes well beyond labour management; it functions as a powerful productivity reform that unlocks the next phase of India’s manufacturing ambitions.

Formalisation: The Hidden EoDB Dividend

One of the most significant outcomes of these Ease of Doing Business reforms is the accelerated formalisation of the economy. The powerful combination of GST implementation, digital platforms, Jan Vishwas reforms, and the new Labour Codes has created a self-reinforcing feedback loop.
The GST taxpayer base has expanded dramatically from around 60 lakh at inception to well over 1.6 crore active registrations in recent years. MSMEs are increasingly entering formal credit networks and government procurement ecosystems. Social security coverage now reaches new categories of workers. Compliance itself has become simpler rather than more expensive.
Importantly, this formalisation is not driven primarily by enforcement or coercion. Instead, it emerges through smart system design that incentivises and nudges positive behavioural change. This approach sets Modi Economics apart by relying on trust and facilitation rather than top-down pressure.

MSMEs: From Survival to Scale

Ease of Doing Business reforms have delivered their most profound impact on India’s vast MSME sector. Earlier, complex compliance requirements acted as an invisible ceiling on growth. Today, simplified rules, unified return filings, and intuitive digital interfaces are turning MSMEs into genuine engines of expansion and job creation.
The Labour Codes further amplify this positive shift through reduced compliance requirements and registers, easier hiring options via fixed-term employment provisions, and greater clarity in wage structures and dispute resolution mechanisms.
The outcomes are visible in rising company registrations, higher volumes of MSME loan applications, and increased participation in government procurement platforms such as GeM. MSMEs are no longer focused merely on survival. They are actively pursuing scale and competitiveness.

EoDB Meets Investment Confidence

Ultimately, Ease of Doing Business finds reflection in one critical metric: actual investment flows. India has attracted over $ 748 billion in FDI during the period from 2014 to 2025, marking an outstanding increase compared to the previous eleven-year period. Labour reforms play a vital role in building this confidence.
Global investors place a high value on the ability to hire, scale, and adjust workforce needs without facing unpredictable regulatory hurdles. The Labour Codes provide exactly that assurance of stability and predictability.
In a global landscape reshaped by supply chain disruptions and strategic realignments, India’s Ease of Doing Business reforms position the nation as a credible and reliable alternative within international manufacturing networks. The clear message is that India is not merely open for business but dependable for long-term business partnerships.

Inclusion as an EoDB Strategy

Traditionally, Ease of Doing Business discussions focused narrowly on large investors and corporations. Under Modi Economics, the framework has broadened significantly. Inclusion now forms an integral part of the strategy.
Women-led startups have shown strong growth, particularly in non-metro regions. Gig workers are being integrated into formal frameworks. Entrepreneurship is spreading into aspirational districts and smaller towns.
This deliberate democratisation of economic opportunity deepens markets, raises aggregate demand, and makes growth more self-sustaining and resilient.

The Last Year: From Ease to Experience

What distinguishes the most recent period is the decisive shift from mere Ease of Doing Business to the Experience of Doing Business. Approvals are not simply faster but far more predictable.
Compliance is not only reduced but thoroughly digitised. Labour laws are aligned more closely with contemporary economic realities. Ease of Doing Business has moved from being a policy narrative to a lived reality felt across districts and sectors.
This progress aligns perfectly with the government’s emphasis on taking reforms to the last mile through district-level implementation and robust platform-driven governance.

EoDB as the Foundation of Viksit Bharat

India’s journey is often described as moving from red tape to red carpet. Another characterisation is the transition from permission-driven governance to possibility-driven governance. The integration of the Labour Codes into the Ease of Doing Business framework stands central to this profound change.
It resolves one of India’s longstanding economic contradictions by protecting workers while enabling vibrant enterprise. As PM Modi has emphasised, “Reform, Perform, Transform” is not merely a slogan but a clear operational sequence. Ease of Doing Business reforms created enabling conditions. Labour Codes unlocked the potential for scale. Formalisation is now driving performance. Together, these elements are transforming India into an economy that is not only easier for doing business but truly impossible to ignore on the global stage. That is the enduring story of Modi Economics in 2026.