A portable workforce for India’s new economy4 min read . Updated: 20 Oct 2020, 11:12 AM IST
- The new labour codes should benefit all stakeholders by providing greater employment flexibility that is suitable to the evolving job requirements of our economy.
When governments think about development, they tend to focus on infrastructure, education and regulation. What is often passed over is worker-company relationship. Nearly three decades after its biggest economic reforms, India has enacted labour laws that amount to a leap from a bygone era to the gig economy. Business leaders, foreign investors and the workforce should all welcome India’s disposal of antiquated rules that have flummoxed the best of us: an economist described our labour rules as metaphysical because we failed to agree on the multitudinous definitions of employment itself.
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