Category: Business
TeamLease Services Chairman Manish Sabharwal emphasizes the need for macroeconomic stability and structural reforms to combat employed poverty in India. He advocates for immediate reforms in the budget, including streamlining labor codes and revamping the social security system. Recent data shows job creation has increased, but labor productivity has declined, highlighting the need for quality jobs. Sabharwal also suggests making payroll deductions optional for lower-salaried employees and unifying conflicting labor codes to promote formal employment.
Keywords: TeamLease Services, employment reforms, macroeconomic stability
Update At: 7/22/2024