Views: After decades of underemployment and underproduction, India has true labour reforms

By Varun GandhiUntil recently, a textile firm with more than 300 workers could not shut down its plant without government approval. Labour laws actually required a 30- to 90-day notice period to carry out any such action. A regulatory regime like that meant that India’s textile firms chose to stay small and to employ fewer workers.India once had high hopes from manufacturing. It was supposed to be the mainstay of employment for the country. And