Author(s): Bablu Kumar Sharma

Abstract: Economic liberalisation was started with the sole purpose of speeding up the rate of poverty eradication and boosting India's economic growth. Since India's independence in 1947, there has been a downward trend in workers' rights, which is said to be due to the expansion of informal employment sectors, which have begun to dominate the labour force. Since the late 1970s, the condition of worker rights has deteriorated further, with attacks on labour unions by companies who were aided by government policy. These attacks appeared to peak in the late 1990s and early 2000s, following the implementation of the Indian economy's globalisation from 1991 onwards, but then began to diminish. As a result, globalisation cannot be blamed alone for the deterioration of workers' rights. We must also evaluate the fact that neoliberal policies appear to have some impact on labour rights and social welfare, and there has been an increase in reservations about their effectiveness in combatting such transgressions. Economic liberalisation is a continuous process aimed at developing our economy by increasing our GPD and eradicating poverty in India. Statistics reveal that with the advent of globalisation and liberalisation, the working class has been disproportionately affected. These "economic changes" appear to have also posed a threat to India's trade unions. In light of Indian labour regulations, this research attempts to analyse the consequences of economic liberalisation on the working class and trade unions.

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