OECD Survey: Features
Reading Room
Diagnosis and treatment: a foreign survey feels the economy's pulse
- OECD urges consolidation of 46 central and over 200 state labour laws
- Stringent labour laws are leading to decline in regular employment and rise in contractual jobs
- Lack of flexibility accentuating labour market inequalities, leading to rising urban poverty rates
- Manufacturing units in formal sector replacing labour with capital investment
- Quiet reforms in some states providing more fluid labour markets
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