With the government preparing the platform for the four new labour codes, there are signals of a staggered execution with an early launch of two codes—The Code on Wages and The Code on Social Security.
Since the announcement of the nationwide lockdown on March 25, 2020, the economy has been reeling under tremendous pressure from severe livelihood losses (78 percent), rising unemployment rate (47 percent), severe decline in consumption and production and an almost 24 percent contraction in GDP.