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Narendra Modi, India’s Leader, Moves to Reshape Labor Rules
Keywords:
Tags: India,
Efforts to aid manufacturing under the Modi administration in 2014-2016
10/16/2014
Steps taken include financing by the Labor Ministry of the first two years of apprentice training in manufacturing, simplified compliance for labor laws on a website created for this purpose, and creating portability of pensions and savings across states with a universal account number.
Grouped Articles
Narendra Modi, India’s Leader, Moves to Reshape Labor Rules
New York Times 10/16/2014
In a Victory for Modi, India Overhauls Its Tangled Tax System
The New York Times 08/03/2016
The Economist 08/06/2016
UN Department of Social and Economic Affairs 2014 Report on Unemployment
05/21/2014
A mind blowing statistic- one million Indians are expected to join the work force every month for the next 15 years, according to this report. This report points to the urgency of the situation. This could be one reason why young people, especially the 100 million people added to voter lists in India in the 2014 parliamentary elections, voted for the "Development" theme of the BJP party under Narendra Modi. Foreign investment, building the manufacturing base, bigger infrastructure plans and other jobs/growth strategies are needed quickly.
Grouped Articles
United Nations Forecasts Persistently High Unemployment for the Young
New York Times 05/21/2014
Competing Visions for Russia’s Economic Future
New York Times 05/22/2014
Wall Street Journal 06/12/2014
Jobs Data May Be Icing on America's Birthday Cake
Wall Street Journal 07/03/2014
Washington Post 07/09/2014
India's Modi Articulates Vision for Economic Change
Wall Street Journal 09/30/2014
Indian prime minister Modi's speech at the Council of Foreign Relations, September 29, 2014, urging foreign investors to come to India
09/30/2014
In marketing India as a destination for foreign investment India's prime minster Modi emphasized that India was the only country with all three favorable factors - democracy, demographic dividend and demand. India has a population with 55% of the people under age 35. A population of over 1.2 billion mostly younger consumers creating a big pool of demand for many companies. Democracy with coalition governments has been an obstacle for three decades to creating the right framework for legislation on opening the country to foreign investment. Modi's BJP party has an absolute majority in parliament making it possible to take speedy action, with an effort underway to improve its tally of state legislatures it controls. Modi also has a track record of three terms as chief minister in rapidly industrializing Gujarat state. This gives credibility to Modi's plans. He stated that energy was a high priority with a goal of bringing electricity to every village in India in 5 years. A trillion dollars of investment are required in rail which he plans to open up for 100% FDI investment. Manufacturing is a big focus of Modi's plans with the launch of the "Make India" campaign. My country needs millions of jobs Modi told the audience, urging foreign companies to take up his offer. He said the laws and red tape built up from previous Socialist governments would be removed for swift approval of proposals.
Grouped Articles
India's Modi Articulates Vision for Economic Change
Wall Street Journal 09/30/2014
7 Habits of Modi's Highly Effective Speeches
Wall Street Journal 09/30/2014
Narendra Modi, India’s Leader, Moves to Reshape Labor Rules
New York Times 10/16/2014
India’s economy: The Gujarat model
Economist 01/13/2015
Foreign Investors Fight Back in India
Wall Street Journal 04/30/2015
Investors See India as Strongest of the Weak
Wall Street Journal 09/09/2015
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