"Labour market flexibility is one of the most closely debated public policy issues in India. This book provides a theoretical framework to understanding the subject, and empirically examines to what extent India's 'jobless growth' may be attributed to labour laws.There is a pervasive view that the country's low manufacturing base and inability to generate jobs is primarily due to rigid labour laws. Therefore, job creation is sought to be boosted by reforming labour laws. However, the book argues that if labour laws are made flexible, then there are adverse consequences for workers: dismantled job security weakens workers' bargaining power, incapacitates trade union movement, skews class distribution of output, dilutes workers' rights, and renders them vulnerable. The book: Identifies and critically examines the theory underlying the labour market flexibility(LMF) argumentEmploys innovative empirical methods to test the LMF argumentOffers an overview of the organised labour market in IndiaComprehensively discusses the proposed/instituted labour law reforms in the country Contextualises the LMF argument in a macroeconomic settingDiscusses the political economy of labour law reforms in IndiaThis book will interest scholars and researchers in economics, development studies, and public policy as well as economists, policymakers, and teachers of Human Resource Management. "--Provided by publisher.
Formatted Contents Note
chapter Introduction / Anamitra Roychowdhury chapter 1 Present status of labour laws in India and their proposed amendments / Anamitra Roychowdhury chapter 2 A critical examination of the labour market flexibility debate in India / Anamitra Roychowdhury chapter 3 Explanation of jobless growth in Indian manufacturing and trends in labour conditions / Anamitra Roychowdhury chapter 4 Identifying the theoretical structure underlying labour market flexibility and its critical examination / Anamitra Roychowdhury chapter 5 Some market clearing models on labour market flexibility / Anamitra Roychowdhury chapter 6 Effectiveness of labour market flexibility in face of effective demand constraint / Anamitra Roychowdhury chapter 7 Labour market flexibility in an open economy context / Anamitra Roychowdhury chapter 8 Concluding remarks Labour market flexibility and the proposal for laissez-faire capitalism / Anamitra Roychowdhury.