Industry leaders have strongly welcomed the government’s enforcement of the four new Labour Codes — covering Wages, Industrial Relations, Social Security, and Occupational Safety, Health & Working Conditions — describing it as a historic and long-awaited reform. By replacing 29 outdated labour laws, the new codes aim to modernise India’s regulatory framework, making it more efficient, business-friendly, and aligned with global standards.
CII Director-General Chandrajit Banerjee hailed the rollout as “a transformative leap,” noting that the reforms promise better wages, stronger social security, safer workplaces, and improved regulatory certainty. PwC India’s Lokesh Gulati added that the unified codes will help reduce compliance burdens, promote formalisation, and support ESG principles — ultimately enhancing India’s attractiveness as an investment destination.
