Blog by Niti Manthan
Facilitating young minds towards holistic development.
With the aim to boost economy amid the lockdown due to emergence of COVID-19, several state governments have decided to suspend most of the labour laws in their respective state via ordinance. This has been done with an aim to give curb the effects of lockdown on Indian economy and provide employers with more flexibility to run their factories. This might give a much needed boost to the economy and benefit the employers but these have raised few concerns regarding the safety and Security.
The coronavirus pandemic is creating a two-headed problem for governments. Economic policymakers are being forced to perform a delicate balancing act. As with all balancing acts, failure to achieve and maintain can produce dire consequences.
The article discusses the declining economic growth of India and what are the impacts on the different sectors of the economy.