Since 1991, every regime has promised labour reforms but never dared to walk the talk. Last week the National Democratic Alliance, no doubt buoyed by their landslide win in Bihar, decided to bite the bullet and notified the new labour codes.
It is by far the biggest and boldest structural reform in 75 years.
They aim to transform the way India hires, protects workers, and creates jobs.
Some obvious questions: Will these reforms deliver jobs at scale or trigger new tensions in the workplace? Will they lead to greater formalisation of the workforce?
To help understand what is changing, what is at stake, and what could go wrong, StratNewsGlobal.Tech is joined by Manish Sabharwal, Chairman and co-founder of TeamLease on Capital Calculus. He is someone who has shaped the national conversation on jobs and labour reforms for more than two decades.
