Labour law reforms are a necessity
It is ironical that a country with so many unemployed youths mostly exports capital-intensive goods
While it is heartening to note that Indian policymakers seem to have realized the importance of manufacturing in providing jobs, it is also equally important to realize that the path leading to higher manufacturing employment has to necessarily cross a difficult bridge called labour reforms. Careful research done by several leading economists using nationwide plant-level data and also employing cutting-edge econometric techniques has shown that labour reforms is sine qua non for achieving employment growth in India.
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