(ET)
India should ease norms for hiring and firing workers to make it easier for companies to do business in the country, according to a former adviser to Prime Minister Narendra Modi’s government. Easing the rules are crucial for employers, as their primary aim is not to fire workers, Arvind Panagariya, the former head of government think-tank NITI Aayog, said in an interview in New Delhi. “You need consistency across labor laws.” Finance Minister Nirmala Sitharaman, in her maiden budget this month, proposed combining multiple laws governing workers to form four sets of labor codes to improve the ease of doing business. But what’s needed is the reform of labor laws and not just streamlining of existing ones, said Panagariya.
