7 Essential Labour Reforms India Needs for Sustainable Growth

India needs modern labour reforms to boost growth. Here are seven key changes for a more flexible, secure, and sustainable economy. Tap to check!

Simplify labour laws

Unify several laws to create a shorter and more comprehensive labour code, as in Germany, to simplify business processes and increase compliance.

Universal social security

All workers, especially unorganised and gig workers, should get social security benefits like health insurance and pension, as in Denmark's

Flexible hiring and layoffs

Allow flexible labour contracts, as in Singapore, but also ensure job security and adequate severance benefits.

Skill development

Skill development programmes, as in South Korea, should be tailored to industry needs, thus increasing the employability of workers.

Formalisation of the unorganised sector

As in Brazil, measures should be taken to bring unorganised workers into the formal economy by introducing tax concessions and simpler rules.

Promote gender equality

Learning from Sweden's progressive laws, policies for equal pay, maternity support and workplace safety should be implemented, thereby increasing the participation of women workers.

Strengthen industrial relations

Make employer-labour relations more collaborative, like Japan’s consensus-based model, and develop better mechanisms for speedy dispute resolution.

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