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PM Narendra Modi’s labour reforms gets thumbs up from ILO

ILO has estimated that 600 million new jobs will have to be created in the next 15 years to meet the United Nations’ Sustainable Development Goal agenda.

, ET Bureau|
Last Updated: Jul 07, 2016, 07.12 PM IST
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Guy Ryder who is on five day visit here meets PM Narendra Modi.
Guy Ryder who is on five day visit here meets PM Narendra Modi.
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The International Labour Organisation has given a thumbs up to Narendra Modi’s labour reforms but cautioned that the success of India’s growth story will lie in the government’s ability to move towards formalisation of its workforce and providing universal social security to all.

"India is looking at right issues and moving in the right direction. But there are major challenges down the road," ILO director general Guy Ryder said on Thursday.

Ryder is on a five day visit to India at the invitation of labour minister Banadaru Dattatreya.

According to Ryder, India’ economic growth, even when it is impressive in the last decade, has not proven sufficient to generate quality jobs. "The major challenges include providing decent quality jobs, moving towards formalization and extending adequate social security protection to all," he added.

Ryder highlighted the issue of dwindling women participation in the total workforce not just in India but globally and said that the gap is big in India with around 40% vis-à-vis global average of 25%.

Admitting that world over labour reforms is often difficult and sometimes even contentious process, Ryder suggested that the government should design out policy interventions to address different aspects impacting labour in the country and should move forward through the process of social dialogue.

"There are contradictory set of trends in India. Hence, government needs to design policies in a manner that it balances out all contradictions," he said, adding that It is productive to engage partners in formulation of legislation.

Prior to Ryder’s observation of the Indian labour market and the government’s policies, Dattatreya outlined the focus of BJP-led NDA government. “Priority of the Modi government is employment generation via flagship programmes like Make in India, Skill India and Digital India," he said.

ILO has estimated that 600 million new jobs will have to be created in the next 15 years to meet the United Nations’ Sustainable Development Goal agenda, a he part of which has to be catered by India which is seen as a fastest growing major economy of the world.

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