India's labour reform will not revive growth
Increased labour market flexibility is seen as a panacea for low growth, but its benefits may be exaggerated
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In this article
- Central government
- State-level reform
- Misplaced expectations
- Rigidity
- Wages
- Investment
- Employment
- Need for reform
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_350.jpg "A labourer stacks a sack of onions in a storage room at a wholesale vegetable and fruit market in New Delhi (Reuters/Anindito Mukherjee)")