Blame (or credit) India’s tough labor laws: They are some of the most pro-worker in the world and make it nearly impossible for employers, including state and local governments, to fire for anything short of criminal misconduct.
Advertisement
As Bloomberg Businessweek wrote in 2011, for Indian companies with more than 100 employees “it is impossible to fire anyone without government permission. Such laws have long deterred foreign investors, hampered manufacturing, and prevented the nation of more than 1 billion people from experiencing an industrial takeoff similar to China’s.”
Join the conversation as a VIP Member