Business Standard

Labour laws are not the reason hindering India's rapid industrialisation

Even in India, labour problem is low down on an entrepreneur's wish list. Corruption of labour inspector is quoted as a reason.

msme, sme, manufacturing, jobs, women, salary, employees, workers
Premium

For industries to be attracted, prevalence of rule of law is the most critical. Not only contract should be adjudicated and enforced in a timely and judicious manner, the cost of seeking justice should be reasonable. Photo: Sanjay K Sharma

Satya Mohanty
India aspires to be the successor, the replacement and competitor to Chinese industrial powerhouse in the post-Covid world. While comparisons do not square up, the rush to jettison restrictive labour laws seems to be on the fast track. When Vasco da Gama wanted to take a spice sapling from Kerala, the statement attributed to the Zamorin of Calicut is instructive. He told Vasco da Gama to take the sapling but reminded him that he could not take the weather, soil and climate. Is the lack of eco-system in India a big obstruction despite some states being on overdrive to change

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in