Story perspectives

Modi's Labour Codes Boost Compliance and Worker Protection

12/3/2025

Summary

Story summary

Prime Minister Narendra Modi's government implemented four labour codes on November 21, 2025 to ease entrepreneur compliance and protect workers.
The Goods and Services Tax, enacted in 2017, consolidated multiple taxes into one, significantly increasing tax collections.
The Insolvency and Bankruptcy Code has facilitated over 8,000 resolution processes.
Pradhan Mantri Jan Dhan Yojana has provided financial inclusion to millions, with 571 million beneficiaries holding substantial cumulative balances in 2025.

History

Historical Context

The Goods and Services Tax (GST) was implemented in India on July 1, 2017, consolidating over 30 taxes into a single framework, which increased tax collections by 14%. This reform followed decades of discussions dating back to 1999 and set the stage for further economic initiatives, including the introduction of four labour codes in 2025 aimed at simplifying compliance and enhancing worker protections.

1 of 2

Story summary

Prime Minister Narendra Modi's government implemented four labour codes on November 21, 2025 to ease entrepreneur compliance and protect workers.
The Goods and Services Tax, enacted in 2017, consolidated multiple taxes into one, significantly increasing tax collections.
The Insolvency and Bankruptcy Code has facilitated over 8,000 resolution processes.
Pradhan Mantri Jan Dhan Yojana has provided financial inclusion to millions, with 571 million beneficiaries holding substantial cumulative balances in 2025.

1 / 2