India, Dec. 1 -- India's decision to implement the long-pending labour codes deserves appreciation. For decades, the country's entrepreneurs have operated under a maze of 29 overlapping and often contradictory labour laws. Consolidating them into four streamlined labour codes is more than an administrative exercise; it is a long-awaited structural reform that simplifies compliance, increases the probability of enforcement, and creates a more predictable environment for doing business. A simpler legal framework is always easier to follow and easier for the state to enforce, making this a foundational step towards improving India's ease of doing business.

Falling Private Investments in India

This reform also comes at a critical time. Priv...