In spite of labour laws been widely studied decade and various recommendations to evolve labour laws in the context of globalization, the issues pertaining to welfare of labour and flexibility of the firms to grow in sync with market conditions for better industrial relations, persists even today. It was argued that labour policies in for the formal sector are pro-worker and this leads to rigidities, impacting performance of this sector. Recommendations were made in the past by highlighting the need for flexible labour laws. This paper, represents the Indian labour market condition a few years back before the onset of the global economic crisis. It looks at the initiatives and agenda undertaken then and places them in the context of literature.
URL : 20140912062059.pdf