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| Modi eyes first labour overhaul in decades to create jobs |
| Monday, June 30, 2014 2:33 AM | |
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 By Rajesh Kumar Singh NEW DELHI (Reuters) - Prime Minister Narendra Modi has set in motion the first major revamp in decades of the archaic labour laws, part of a plan to revive the flagging economy, boost manufacturing and create millions of jobs. Successive governments have agreed labour reform is critical to absorb 200 million Indians reaching working age over the next two decades, but fears of an ugly union-led backlash and partisan politics have prevented changes to free up labour markets. Officials at the labour ministry say this is a top priority in the government's first 100 days in office. India has a forest of labour laws, including anachronisms such as providing spittoons in the work place, and are so complex that most firms choose to stay small.
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| Factbox - India's stringent labour laws |
| Monday, June 30, 2014 2:26 AM | |
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 India has a slew of laws and rules that shape the labour market, regulating the terms of work, hiring and firing, and the working conditions. While the regulations are meant to enhance the welfare of workers, companies say they often have the opposite effect by encouraging them to stay small or hire contract workers to circumvent legal restrictions. Newly elected Prime Minister Narendra Modi has set in motion the first major revamp of the archaic labour laws, part of a plan to revive the flagging economy, boost manufacturing and create millions of jobs.
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