New-age firms find biz climate warmer

Labour-intensive companies feel constrained: Sources

While labour-intensive sectors continues to be bogged down by labour-related rules, newer firms, including start-ups, have reported a more favourable environment, according to an official survey. This also means that jobs per unit of capital could become a casualty.
 
The Enterprise Survey, covering 3,500 manufacturing firms across India in 2016, found newer firms take less time in obtaining approvals than older firms. Newer firms include start-ups established after 2014.
 
On the basis of the survey, conducted by the NITI Aayog along with the Mumbai-based IDFC Institute, the report on ease of doing business would be launched on Monday.