A detailed conclusion paper from the recent IMA session with Rashmi Pradeep will follow in a couple of days, but in the meantime your columnist offers this brief assessment of the four new labour codes and what they mean for business.  

The podcast explains the core changes, the shift towards simpler wage definitions, greater flexibility in hiring, wider social security and a more streamlined compliance regime. It also notes the practical challenges that firms will face as they adjust policies, systems and processes. While the reform is a bold step by the Modi administration, its real test lies in execution and the ability of companies and states to adapt. This short note sets the stage for the deeper analysis to come.