Discuss the impact of the new economic policy on the indian working class
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India has always been an agro based country as their main source of income is thorough agriculture. However, soon after independence in 1991 an economic policy named as liberation, privatisation and globalisation had been introduced. And the main aim of this policy was to change the agro based Indian economy to the modern economy.
According to the new economic policy, standard norms for performance and productivity were set for both the private and public sector workers. Employers were instructed to have greater flexibility in terms of surplus and shortage of manpower.
As the technology changes, a loss of many jobs was expected thus the government was given the responsibility of providing the new technical skills to the workers in order to protect the interest of labour and enhance their welfare. Thus, intensive training, skill development and up gradation programs were launched.
A five year plan was made to eradicate unemployment and poverty. Workers were encouraged to participate in management.
Lastly, industrialisation of backward areas was promoted through appropriate investments and infrastructures.
According to the new economic policy, standard norms for performance and productivity were set for both the private and public sector workers. Employers were instructed to have greater flexibility in terms of surplus and shortage of manpower.
As the technology changes, a loss of many jobs was expected thus the government was given the responsibility of providing the new technical skills to the workers in order to protect the interest of labour and enhance their welfare. Thus, intensive training, skill development and up gradation programs were launched.
A five year plan was made to eradicate unemployment and poverty. Workers were encouraged to participate in management.
Lastly, industrialisation of backward areas was promoted through appropriate investments and infrastructures.
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