Formalisation Could Define India’s Next Decade

Two significant developments that took place this week will help the economy scale up. First, the government has implemented four labour codes that will benefit gig economy workers; and second, a high-level committee of NITI Aayog has proposed ‘Jan Vishwas Siddhant’, a policy to end licences and reset India’s regulatory system. The idea is to remove bottlenecks and push ease of doing business.

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