Make in India is the right move for the growth of the Employment Index as at least 33 per cent of the population is below poverty line
Labour is a subject in the concurrent list of the Indian Constitution where both the Centre and the states can amend and frame labour laws. As a result, labour laws vary from state to state and hence pose a big problem to IR managers
The Indian growth bubble has been in a state of constant flux. From a high of 11.4 per cent in 2010 to a low of 4.4 per cent in 2013, the Indian growth story has hiccupped and spluttered during the rule of the last UPA government.
This great uncertainty led to one of the most unanimous elections, propelling Narendra Modi to the apex of the Indian political scenario. In the last two quarters of 2014, the sheer positive expectations of the world combined with the steps from the new government is pushing the graph in the upwards trajectory. The GDP is forecasted to grow from 4.6 per cent 2014-15 to 5.7 per cent in 2015-16.
When BJP launched its electoral campaign for 2014, it had promised to create 20 million jobs in the manufacturing sector. Staying true to his word, Narendra Modi launched his ambitious ‘Make in India’ campaign, the biggest growth reforms in recent times, towards the fag end of September 2014. His main aim was to raise the contribution of the manufacturin...
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