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Centre backs big labour reforms in UP, MP to attract investments
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The move comes just days after the UP CM held a video conference with US firms to persuade them to shift from China The Centre on Friday came out strongly in favour of structural labour reforms to spur economic growth, saying it supports the sweeping labour law changes and exemptions brought in by Uttar Pradesh and Madhya Pradesh.
The Union government, like the governments of the two Bharatiya Janata Party (BJP)-ruled states, believes that the reformist mindset and labour compliance holidays will bring in more investments and ensure growth.
However, workers’ unions and some economists argue that the changes may lead to “labour market anarchy and loss of workers’ productivity". “Reformist zeal to push through structural reforms will alone
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