India is still inadequately Formalised, Financialised, Urbanised, Industrialised and Skilled. While the regulatory challenges do pose questions on smoother business functioning and consequent job creation, there are several underlying factors which indicate that there is a lot of work to be done in employment, employability, and ease of doing business.
Reforms shape the future only when they simplify the present. India’s new Labour Codes stand out as one of the most meaningful updates to the country’s labour framework. Over the years, 29 different laws have guided employer–employee relationships, each tailored...
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