ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Revisiting the Futility Thesis

Reforming Labour Markets in States

Presenting a critical review of the issues in labour market reforms in India, this article places them against the backdrop of trends in labour force participation and formal/informal employment in the organised/unorganised sectors. Critically assessing the theoretical literature on labour market flexibility in the advanced economies, discussions in the Government of India's Economic Survey and the evidence in India, it asks if the reforms aimed at making the labour market more flexible will succeed in raising the economic growth rate and generating more employment, as advocates of labour market reform would have us believe.



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