Changes in labour laws can raise formal employment to 40 per cent

[Informalisation and Labour Rights - Related News]

Revamp of labour laws can help in raising participation in the formal sector and increase the share of formal employment from current 11 per cent to nearly 40 per cent besides improving India's ranking in ease of doing business, says a report by staffing services firm TeamLease. "A revamp of the regulatory eco-system can improve India's ranking with regard to the ease of doing business and raise the labour force participation in formal sector. Regulatory changes can raise the share of formal employment from the current 11% to nearly 40%”" said the report.