India policy
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India’s New Labour Codes – 2: Wage & Benefit Uniformity
When “wages” finally mean wages — and everyone gets counted Last week, we discussed how the simplification of labour laws benefits employers. But simplification is not a one-sided gift. Employees, too, stand to gain — and in some cases, quite substantially. Overlapping definitions and rules not only increased compliance costs, but employees often did not Continue reading
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The curious case of India’s quality control orders
How India’s QCO spree became a master-class in shooting ourselves in the foot Several years ago, a group of important policy makers and officials sat down to discuss how to boost domestic production and curtail imports. Some bright spark provided a (seemingly) magic solution – the use of “Quality Control Orders” (QCOs). Under a QCO, Continue reading
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Is 6.5% Growth Making India Complacent?
What if India’s economic achievement is also its biggest trap? This thought hit me while chatting with a fund manager friend a couple of days ago, about the pace of reform. Nowadays, we hear ad nauseam about India being the fastest-growing “large” economy. And this, despite the fierce headwinds from global economic crises. It’s not Continue reading
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