India fares poorly in employer-labour relation; Morgan Stanley
says
19/08/2014 16:48
According to a report by US investment banking major Morgan Stanley, India has performed dismally in the ranking for employer-employee relations, signaling an inefficient labour market in Asia’s third biggest economy, which has grown below the 5 per cent mark for the past two fiscal years. India is at a poor 61st place in the index of countries ranked on the metric of co-operations in employee-employer relations. While China is in 60th place in the employee-employer relation index, other developing economies such as Mexico, Thailand and Philippines are in 44th, 37th and 34th position, respectively, Morgan Stanley said. “On the metric of cooperation in labour-employer relations India ranks at 61, behind Mexico (44), Thailand (37) and the Philippines (34)," Morgan Stanley added. Despite favourable demographics, India has had a poor record in creating productive jobs due inadequate physical infrastructure and stringent labour laws. “One of the key issues stifling productive job growth is labour market regulations in the country apart from other factors such as inadequate physical infrastructure," Morgan Stanley added. In an index of hiring and firing practices, India is ranked in 52h place, compared to China which is in 28th position.
19/08/2014 16:48
According to a report by US investment banking major Morgan Stanley, India has performed dismally in the ranking for employer-employee relations, signaling an inefficient labour market in Asia’s third biggest economy, which has grown below the 5 per cent mark for the past two fiscal years. India is at a poor 61st place in the index of countries ranked on the metric of co-operations in employee-employer relations. While China is in 60th place in the employee-employer relation index, other developing economies such as Mexico, Thailand and Philippines are in 44th, 37th and 34th position, respectively, Morgan Stanley said. “On the metric of cooperation in labour-employer relations India ranks at 61, behind Mexico (44), Thailand (37) and the Philippines (34)," Morgan Stanley added. Despite favourable demographics, India has had a poor record in creating productive jobs due inadequate physical infrastructure and stringent labour laws. “One of the key issues stifling productive job growth is labour market regulations in the country apart from other factors such as inadequate physical infrastructure," Morgan Stanley added. In an index of hiring and firing practices, India is ranked in 52h place, compared to China which is in 28th position.
