New Delhi, Jan. 30 -- The four labour codes, rolled out by the government last November, mark the first step towards transforming India's labour market to spur job creation, but the transition will require "coordination and investment from the private sector", the Budge-eve Economic Survey 2025-26, tabled on Thursday, said.

The codes, which bring sweeping reforms to employment regulations, "aim to strike a balance between flexibility and workers' rights, focusing on ensuring industry competitiveness while promoting worker welfare", the economic yearbook said.

The codes, passed by Parliament during 2019-20, have replaced a welter of complex, British-era legislation, kicking off a set of reforms aimed at attracting investment and spurring...