India's New Labour Codes: A Catalyst for Export Sector Growth
India's integration of 29 labour laws into 4 streamlined codes aims to bolster the export sector by simplifying compliance, promoting fair wages, and ensuring worker safety. The reforms simplify wage definitions, prohibit gender discrimination, and enhance social security. For export-oriented industries like textiles and electronics, the measures offer increased flexibility, reduced administrative burdens, and improved employee management. Workers benefit from job security, social security coverage, and improved working conditions, promoting a balanced improvement in workplace efficiency and employee well-being.
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