India, Nov. 24 -- The rollout of the four labour codes by the union government on Friday is one of the biggest factor market reforms in independent India. The new labour codes will simplify existing labour laws. Many experts also expect them to give a boost to India's industrial landscape by allowing greater freedom to businesses in deciding the terms of employment of their workers. While some of the provisions in the new labour codes are being opposed by trade unions on the grounds that they dilute workers' rights, any objective assessment of the debate requires a holistic assessment of the Indian labour market. Here is what the data shows.

Published by HT Digital Content Services with permission from Hindustan Times....