Archaic and stringent labour rules have stifled growth for businesses in India. For SMEs staying small makes sense as firms that employ less than 5 people fall outside the ambit of these labour laws. This, however, means a large section of Indian businesses continue to work in the informal sector, says Dagmar Walter, Director of the ILO Decent Work Technical Support Team for South Asia.
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Watch Why SMEs think bigger isn’t always better: ILO’s Dagmar Walter explains With HD Quality.
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