Question

Question 5. Explain the problems on national wages policy in the context of Indian​ economy.

Answer 1

Indian economy is largely unorganized and underdeveloped due to which various issues are faced even when a national wages policy is there.

Explanation:

1. Indian economy faces various issues related to national various policies because most of the workers are working in the unorganized sector which is beyond the absolute control of laws and legal authorities.
2. Moreover, many workers are not aware of their rights and the standard wage prescribed by the national wages policy. As a result, most of the wage workers are underpaid on the pretext of this lack of knowledge.
3. The employers are also quite influential and powerful people due to which they escape the penalties and sanctions on violation of the policy.