India’s archaic labour laws have been highlighted as one of the key impediments in attracting investment in labour intensive manufacturing - key to India’s employment and job challenges. The labour reforms are a step in the right direction and will provide a fillip to domestic competitiveness.
Most of the above changes are going to help in doing business at ease which will eventually attract investors, including FDI. Only concern is, elimination of Standing Orders and elimination of labour unions’ interference for establishments employing up to 300 workers will not go down well with people as it will hinder job security of the workers.
The ongoing humanitarian crisis in the repercussions of the current global health crisis is real. Our planning and preparation in the middle of the current lockdown can save the lives of women, men, and children and can help to build a strong economic foundation for the economy of our country.
Analyzing the Make In India initiative and explain what obstacles the Prime Minister faces.