Explanation:

he survey has been conducted, along with the IDFC Institute, to assess the business regulations and enabling environment across India from firms’ perspective. The Survey was released by the Union Minister of Commerce and Minister of Law & Justice.

The major findings of this report are as follows:

• A higher level of economic activity and better performance on a range of doing business indicators are strongly correlated.
• Newer and younger firms report a more favorable business environment in that they take less time in obtaining approvals than older firms, suggesting an improvement in the business environment.
• Labor regulations are a bigger constraint for labor intensive firms
• The experience of firms with fewer employees is different from that of larger firms. In some cases, large firms face more regulatory barriers than smaller firms.