In the Indian context, the social evils suffered by labours such as, exploitation, illiteracy, lack of skill training, substance abuse, among many others, are reduced to a greater or lesser extent by the country's welfare policies. During the pre-independence period the industrial relations policy of the British government was generally based on laissez faire and selective intervention.
There were hardly any labour welfare schemes. After Independence, labour legislation has been introduced which has shaped industrial relations and social security in contemporary India. The legislations have also provided for the machinery for bipartite and tripartite consultations for the settlement of labour-management disputes.
Soon after independence, the government at a tripartite conference in December 1947 adopted an industrial truce resolution. The following laws were enacted to maintain industrial peace and harmonious labour-management relations: the Factories Act of 1948. the Employees State Insurance Act of 1948 and the Minimum Wages Act of 1948. Later, the Bonus Act was passed in 1965.
The Constitution of India also spells out of the underlying principles of state policy which place an emphasis on labour welfare, especially Articles 38 to 43 of the Constitution. Labour welfare in India is aimed at getting the best out of the worker in the production process by creating the worker conditions required for this outcome.
In the early 1990s, the neo-liberal economic reforms that were introduced by the government set in motion a series of measures to reduce state regulation of industries, particularly the larger industries.
In general, the country's worker have opposed these economic liberalization policies out of fear of unemployment while the country's entrepreneurs have welcomed it in in hope of obtaining new opportunities to improve India's industries. These new economic policies have directly affected industrial relations in the country.
How did labour generally react to the neoliberal economic reform in early 1990's?
Correct Answer: A. With concern over potential job loss.
Solution:Labour generally reacted to the neoliberal economic reforms in the early 1990s with concern over potential job loss. These reforms, aimed at reducing state regulation of industries and encouraging private investment and market dynamics, led to fears among workers about the implications for employment.
Workers were apprehensive that the push towards efficiency, competitiveness, and privatization could lead to job cuts, reduced job security, and changes in working conditions that might not favour the labour force.