India has jumped 14 places to rank 63rd in the World Bank's ease of doing business ranking index and the country aims to be within 50.
Industry bodies exuded confidence that India will climb the rankings further to be among the top 50 nations.
The report ranks 190 nations based on ten parameters, which includes ease of starting a business, construction permits among others.
The Code on Wages is one of the four codes that would subsume 44 labour laws with certain amendments.
India's rank improved by 65 positions in Doing Business index over the last four years (2014-2018).
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