What's Happening?
The Indian government has announced the immediate implementation of four new Labour Codes, consolidating 29 outdated laws into a modern framework. These codes aim to improve worker welfare and boost manufacturing
and service-sector growth. Key features include capping working hours, mandatory appointment letters, minimum wages, and social security benefits. The reforms also promote gender equality in the workforce, allowing women to work night shifts with equal pay and safety provisions. The India Cellular and Electronics Association (ICEA) has praised these changes, highlighting their potential to align India's labour ecosystem with international standards.
Why It's Important?
The new Labour Codes are expected to significantly impact India's workforce and business environment. By modernizing labour laws, the government aims to enhance productivity and competitiveness, particularly in the IT and electronics sectors. The inclusion of gig and platform workers in labour laws reflects a shift towards a more inclusive and flexible workforce. These changes are crucial for India's ambition to become a global manufacturing and innovation leader, providing a stable environment for businesses and workers alike.
