New Labour Codes Boost India's Export Industry

The implementation of new labour codes strengthens India's export ecosystem by providing flexibility, simplification, and predictability. It ensures fair wages and social security and facilitates international market compliance. The codes also introduce worker-friendly measures like minimum wage and social security, aiding export-oriented industries significantly.

The recent implementation of new labour codes is set to bolster India's export ecosystem, providing much-needed flexibility, simplification, and predictability in the volatile global market, according to a commerce ministry official.

These codes ensure fair wages, social security, and equality for workers, while allowing for longer work hours and broader employment terms, thereby aligning domestic labor practices with international standards.

Crucial for export industries like apparel, electronics, and IT services, the reforms include streamlined definitions, wage rationalization, and provisions for gender equality, facilitating smoother operations and competitive readiness in global markets.

(With inputs from agencies.)