Indian Labour Market and Economic Reforms

Download or read book Indian Labour Market and Economic Reforms written by Dr. Jagdish Chauhan and published by Ashok Yakkaldevi. This book was released on 2022-08-25 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global capitalism has entered into a new and distinct phase, wherein liberalisation, privatisation and globalisation (commonly called LPG) is a central theme. Almost every country, particularly the developing countries, are on the agenda of international monopolies and international financial capital which are controlled and regulated by the industrially developed nations. The vulnerable economies all over the world are being forced to liberalise their economies resulting in unfavourable balance of competitive forces on their side. Free trade rules are dismantling the ‘License Raj’ meant for business and industry under the dictate of global corporations. Market forces have been given once again a primacy to make the major economic decisions. “The free trade systems of small producers and poor consumers are being dismantled and being made illegal in order to create free trade systems for big business and global corporations.”1 All these have been the outcome of certain policy initiatives and developments that have taken place at the national and international level especially since the 1980s.