Home / Business and Economy / India's New Labor Codes: Universal Social Security Unveiled
India's New Labor Codes: Universal Social Security Unveiled
22 Nov
Summary
- New labor codes guarantee universal social security for gig workers.
- Mandatory appointment letters and statutory minimum wages are now law.
- Annual health checks and digital benefit tracking enhance worker well-being.
India's comprehensive overhaul of labor laws is now official with the notification of four new codes. These reforms introduce universal social security for gig workers, mandate appointment letters for all employees, and establish statutory minimum wages with timely payment across sectors. The changes are expected to significantly improve workforce well-being, with mandatory annual health checks for those over 40 and digital tracking of benefits.
Experts note that the push for portability and digital benefit tracking is particularly impactful, especially in the IT sector where job mobility is high. Standardized wage components and digitized compliance aim to prevent wage deductions and ensure benefit access during job changes. Transparent employment terms and prompt wage payments are also anticipated to reduce disputes.
