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India's Labour Codes Overhaul Aims to Boost Economy by Reducing Compliance Burden
The Indian government has rolled out new labour codes that consolidate 29 existing laws into four streamlined statutes. These reforms aim to simplify compliance, decriminalise minor offences, and offer greater flexibility in hiring and overtime rules, thereby enhancing competitiveness in manufacturing and services.
The overhaul is expected to attract more domestic and foreign investment, especially in labour-intensive sectors, while improving worker welfare and social security coverage-key for India’s growth push in coming years.
Tags:
- economy
- india
M• By Harsh Ranjan
Explore:Mutual Fund AI Screening
positive
India's Labour Codes Overhaul Aims to Boost Economy by Reducing Compliance Burden
The Indian government has rolled out new labour codes that consolidate 29 existing laws into four streamlined statutes. These reforms aim to simplify compliance, decriminalise minor offences, and offer greater flexibility in hiring and overtime rules, thereby enhancing competitiveness in manufacturing and services.
The overhaul is expected to attract more domestic and foreign investment, especially in labour-intensive sectors, while improving worker welfare and social security coverage-key for India’s growth push in coming years.
Tags:
- economy
- india
M• By Harsh Ranjan
Explore:Mutual Fund AI Screening
1 min read
72 words
India reworks labour laws via four new codes to ease business, improve worker protection and boost investment.
The Indian government has rolled out new labour codes that consolidate 29 existing laws into four streamlined statutes. These reforms aim to simplify compliance, decriminalise minor offences, and offer greater flexibility in hiring and overtime rules, thereby enhancing competitiveness in manufacturing and services.
The overhaul is expected to attract more domestic and foreign investment, especially in labour-intensive sectors, while improving worker welfare and social security coverage-key for India’s growth push in coming years.
The Indian government has rolled out new labour codes that consolidate 29 existing laws into four streamlined statutes. These reforms aim to simplify compliance, decriminalise minor offences, and offer greater flexibility in hiring and overtime rules, thereby enhancing competitiveness in manufacturing and services.
The overhaul is expected to attract more domestic and foreign investment, especially in labour-intensive sectors, while improving worker welfare and social security coverage-key for India’s growth push in coming years.
Tags:
- economy
- india
- economy
- india
- labour_codes
- regulation
- investment