Economists and investors have long warned that India’s onerous and byzantine labour laws are preventing the country from capitalising on its vast and youthful demographics. Attempts at reform have frequently run into political resistance. This changed late last month, when Prime Minister Narendra Modi pushed through a sweeping deregulatory package that promises to ease compliance burdens for businesses, improve flexibility, and raise security for workers across the jobs market. For a country that aspires to reach “developed nation” status by 2047, the measures mark an important step forward.
經濟學家和投資者長期以來一直警告，印度繁復而晦澀的勞動法阻礙了這個國家發揮其龐大且年輕的人口優勢。改革嘗試屢屢遭遇政治阻力。上月底，這一局面出現變化，印度總理納倫德拉?莫迪(Narendra Modi)推動通過了一攬子大幅放松管制的方案，承諾減輕企業合規負擔、提升靈活性，并在整個就業市場加強對勞動者的保障。對一個立志在2047年躋身“發達國家”的國家而言，這些舉措是重要的一步。