Multinationals and Their Impact on Labour Scene in India

In: Business and Management

Submitted By deepakgupta132
Words 6583
Pages 27
Multinationals and their impact on Labour Scene
28 October, 2012

Multinationals and their impact on Labour Scene

Table of Contents
1. BACKGROUND ........................................................................................................................... 2 2. PRE AND POST LIBERALIZATION ............................................................................................... 3 3. INDIAN LABOUR LAWS ............................................................................................................. 4 4. PRESENT SCENARIO OF LABOUR AND MNCs IN INDIA ........................................................... 8 5. PERCEPTION OF LABOUR ABOUT MNCs ................................................................................ 10 6. RECOMMENDATIONS .............................................................................................................. 11 7. INTERVIEW WITH INDUSTRY EXPERTS ................................................................................... 13 8. BIBLOGRAPHY.......................................................................................................................... 15

MDI-PGPM-HRM-Term-II

Page 1

Multinationals and their impact on Labour Scene
BACKGROUND
India was predominantly an agricultural economy till Independence in 1947. Even after Independence, the First Five-Year Plan (1951 —56) laid emphasis on agriculture. With the Second FiveYear Plan (1956 — 61) there was a shift towards heavy industrialization. The share of agriculture in gross domestic product (GDP) declined from about 56 per cent in 1950 — 51 to less than 30 per cent in 1990 — 99 while the share of industry rose from 15.6 per cent to 24.7 per cent and of the services sector, from 29 per cent to 45 per cent during the corresponding period. The industrialization strategies and industrial policies followed in…...

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