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Showing posts from August, 2020

Four Upcoming Labour Law Bills that Can Change India's Business Landscape

Article by Shivangi Tokas, Edited by Aditya Bhushan.

India Inc. is ready once again. While it had fallen from the grace of the fastest growing country in the world due to the dual effects of demonitisation and COVID-19, the country might have just escaped its worst economic downturn and now seems to be pushing up.


However while there still are problems, due to the US-China trade war, several manufacturing hubs seem to be leaving China and setting up business in India.

But why did businesses leave out India and turn to China in the first place?

Turns out the problem lay in the tax and labour laws of our country. And, while we made a significant improvement in the tax laws (related read: professional tax in India), we still have a very old set of labour laws that are pushing India's manufacturing businesses in a very hard path - a path which prevents them from effectively competing with foreign businesses.

But India has taken notice and has redrafted its compilation of 44 major laws…