Economic Survey 2026: Labour Codes to Boost Jobs, Female Participation, and 1.25% GDP
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Moneycontrol•29-01-2026, 12:53
Economic Survey 2026: Labour Codes to Boost Jobs, Female Participation, and 1.25% GDP
- •The Economic Survey 2025-26 highlights that India's employment and skilling ecosystem is evolving due to demographic shifts, technological changes, and industry needs, including the rise of gig work.
- •Effective implementation of the four new Labour Codes (Code of Wages, Social Security, OSH, and Industrial Relations) is crucial for formal employment, women's security, and gig workers' well-being.
- •These codes mandate universal minimum wages, gender equality, social security for gig workers, improved dispute resolution, and decriminalization of minor offenses, simplifying 29 former labour laws.
- •The Survey projects that these reforms could add 1.25% to India's GDP by 2029-30 and boost consumption by ₹75,000 crore, driven by enhanced worker welfare and business agility.
- •The Survey emphasizes the need for flexible vocational pathways, targeted skilling for women and youth, and a shift towards outcome-driven training with strong employer linkages and local market intelligence.
Why It Matters: New Labour Codes are set to significantly boost India's job market, female workforce participation, and GDP growth.
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