What's Happening?
The Indian government has announced the implementation of four new Labour Codes, consolidating 29 outdated laws into a modern framework. These reforms aim to enhance worker welfare and boost manufacturing
and service-sector growth. Key features include greater participation of women in the workforce, flexibility in working hours, and inclusion of gig and platform workers in labour laws. The codes mandate equal pay for equal work, safety, and maternity benefits, and allow women to work night shifts. The new rules also set maximum working hours and ensure social security, healthcare benefits, and compliance with international safety standards.
Why It's Important?
The new Labour Codes represent a significant shift towards a more inclusive and efficient labour ecosystem in India. By prioritizing worker welfare and aligning with international standards, these reforms can enhance productivity and competitiveness in the global market. The inclusion of gig and platform workers reflects the changing nature of work and the need for adaptable labour laws. These changes may attract foreign investment and support India's ambition to become a global manufacturing leader. The focus on women's participation and safety can lead to greater gender equality and empowerment in the workforce.
