How India can enter global supply chains
The government's intention to move forward with the proposed four labour codes to replace the 40-plus labour laws is a welcome development. The easy one on wages has already been enacted. The complex one is on social security. Here, the intention is to provide universal coverage. The challenge would be to provide sufficient resources. Further, considerable ingenuity would be required to design a seamless transition of benefits in case of movement from self-employment to casual employment in micro and small enterprises, and then to the organised sector, and vice versa.