The Indian job landscape is in a transitory phase In such a scenario which of the following can pote...........

Economic Affairs Others

The Indian job landscape is in a transitory phase. In such a scenario which of the following can potentially lead to an increase in employment levels in India?

Promoting cottage industries
Persistent rise in the Interest rates
Enacting stricter labour laws as demanded by the Industry

Select the correct answer using the codes below

2 only

1 only

1 and 3 only

1, 2 and 3

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Explanation:

Statement 1: This would give a push to rural and informal sector jobs that contribute to the majority of employment in India.

Statement 2: This would actually cut down investment. Lower interest rates promote investment.

Statement 3: Industry demands relaxed labour laws with laxer provisions of hiring and firing people. Stricter laws would actually cut down hiring by firms, as pointed by several economists.