Modern India stands tall on August 15, 2017: over the past year, it has been seen as the fastest growing major country, macroeconomic stability has been re-established, and the GST implemented. Why, then, are so many stressing that India desperately needs reforms to its labour laws to keep the momentum going?
While India may be lagging behind China in its infrastructure development, it has inherited a worker demographic dividend. With most of the Chinese business being state owned, will India be the destination to look for new entrepreneurial talent?
Although China’s one child policy has managed its population over the past three decades, it has reduced the number of available Chinese workers. Will China’s declining workforce enable India’s rise as a manufacturing hub?