Explanation:

The government plays an important role industrial relations, be it through its policies or its representatives like the conciliation officer or the labor commissioner. In the present day scenario, IR is losing its relevance because of the advent of information technology and the service sector becoming dominant. Its dispensability still can’t be questioned as it clearly showcases the success of HR policies at the grass root level. Business Environment around us continues to change and throws newer challenges. Business realities keep on changing rapidly and what is relevant today becomes obsolete tomorrow. Business change environment is caused due to many factors. These are Political, Economic, Social, Technological, Environmental, and Legal. All these aspects put increased demands on the enterprise and the workforce employed in the company. And this change in social environment in industries becomes a big contributor to industrial relations which plays a vital role in achieving the key objective of the enterprise.