India's Labour Overhaul: A Win for Corporations, a Loss for Workers?
In a bid to modernize its antiquated labour laws, the Indian government has rolled out a sweeping set of reforms, compressing dozens of existing regulations into just four simplified codes. The move aims to attract foreign investment and boost the country's global competitiveness.
The reforms include measures such as minimum wages, equal pay for men and women, and expanded social security benefits. However, critics argue that these changes will only serve to strengthen employers' grip on workers and undermine their rights.
Opposition groups, including trade unions, have accused the government of "deceptive fraud" in its handling of the reforms. They claim that the new codes will lead to a loss of jobs, reduced social security benefits, and increased working hours.
The push for labour reform comes at a time when India is facing growing economic pressure from abroad. The US President Donald Trump's imposition of 50 percent tariffs on Indian goods has highlighted the need for India to modernize its labour laws in order to remain competitive in the global market.
But will these reforms really boost India's competitiveness, or will they create new risks for workers and productivity? Experts say that the impact of the changes is far from clear, and it remains to be seen whether they will ultimately benefit the Indian workforce or just corporate interests.
In a bid to modernize its antiquated labour laws, the Indian government has rolled out a sweeping set of reforms, compressing dozens of existing regulations into just four simplified codes. The move aims to attract foreign investment and boost the country's global competitiveness.
The reforms include measures such as minimum wages, equal pay for men and women, and expanded social security benefits. However, critics argue that these changes will only serve to strengthen employers' grip on workers and undermine their rights.
Opposition groups, including trade unions, have accused the government of "deceptive fraud" in its handling of the reforms. They claim that the new codes will lead to a loss of jobs, reduced social security benefits, and increased working hours.
The push for labour reform comes at a time when India is facing growing economic pressure from abroad. The US President Donald Trump's imposition of 50 percent tariffs on Indian goods has highlighted the need for India to modernize its labour laws in order to remain competitive in the global market.
But will these reforms really boost India's competitiveness, or will they create new risks for workers and productivity? Experts say that the impact of the changes is far from clear, and it remains to be seen whether they will ultimately benefit the Indian workforce or just corporate interests.