MINIMUM WAGES IN INDIA: CURRENT STATUS AND FUTURE PROSPECTS
The minimum wage policies and legislation of a country play a critical role in protecting workers and also help correct income imbalances caused by rapid globalisation in not only economic markets but also labour markets, smoothing the adjustment process. Labour laws and reforms aim to reduce existing inequality and attempt to redistribute income, especially to the low-paid workers in the labour market, so at least their minimum survival needs are met. In this regard, India’s minimum wage legislation has been envisaged as an effective way to tackle poverty and inequality. Best Immigration Consultancy in Delhi In most developing countries such as India, the minimum wage system is a subject of endless debate. Because of its complex structure, it often faces criticism from all sides: social, political and legal. While multiple issues plague the Indian minimum wage system, the core of the problem lies in the complications associated with the criteria for setting the minimum wage and i...