A Study on Emerging Industries in Harohalli and Their Contribution for Inclusive Growth

Author(s): Siddagangamma

Abstract:

The article explores the role of emerging industries as a viable option for India to take the benefit of globalization for ensuring inclusive growth. The economic performance of India over the last one decade is phenomenal. This leads us to the apprehension that growth may not be inclusive enough. Emerging industries in harohalli and their contribution for inclusive growth through labor intensive industries and creating a competitive business ecosystem of entrepreneurs, managers and workers then gradually moving up the value. Presents the unusual picture of appearing to skip the first phase of being globally competitive in simpler labor-intensive production. India does not figure among these destinations. Out-dated labor regulations, and inspector raj along with higher risk of labor unrest are the areas of concern. There is scope for merger of different reporting and inspection requirements, simplifying and rationalizing the regulatory burden for 'labor welfare' without diluting the real objectives of existing legislation. Certification through credible accredited third parties is an option that offers immense potential. Labor market flexibility offers the scope of leveraging the demographic dividend of India for ensuring inclusive growth.

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Pages: 30-34     |    3 View     |    0 Download