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Labor Reforms -Need of the Hour in India
Nov 28, 2019

An entrepreneur before starting a manufacturing business has many questions on his mind.

Who are my target customers? Which geography should I sell to? How do I improve my business? How do I improve my manufacturing processes?

But an Indian manufacturer always has one question in his mind. How will I handle my work force? A look at strikes and lock-outs data in India certainly paints a grim picture.

While the number has been on a decline in the past few years, there is still a lot of room for improvement.

I believe, the recent labor push by the Modi government is a step in the right direction.

Such reforms are the need of the hour in India's journey to become a US$ 5 trillion economy.

Data Source: Ministry of Labour Annual Report

This Chart Of The Day was published in The 5 Minute WrapUp - The One Modi Government Reform Which Can Give a Big Boost to the Rebirth of India

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