Of late, it is known that the rights of industrial labour are changing at the global level. Similarly, in India, these rights have undergone varying degrees of change over the years. However, the introduction of New Industrial Policy (NIP) in July 1991 under the programme of economic liberalization acted as a catalyst bringing in pressure for reduction in the recruitment of labour force, privatization of public sector units (PSUs), voluntary retirement scheme (VRS/Golden Handshake) etc.. Though liberalization is not a new phenomenon, the introduction of the NIP made realignment of labour force at large. This paper will look into the rights of industrial labour, especially in the context of Post-liberalization period of India.
Labour, Industrial Policy, Economical Development