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Indian Prime Minister Narendra Modi is trying to convince his country of 1.3 billion that "in every aspect of life, modernization is essential."   © Nikkei montage/Source photos by Getty Images
Asia Insight

Modi's structural reforms enter climax as vested interests dig in

Indian PM faces Thatcher moment as he sweeps away decades-old socialist residue

KEN KOYANAGI, Nikkei Asia Editor-at-large | India

MUMBAI -- Manish Sabharwal has been wrestling with India's labyrinthine labor laws since 2002, when he co-founded TeamLease Services, a Bangalore staffing company.

India has 44 federal-level labor-related laws littered with roughly 1,600 clauses. "You cannot comply with 100% of the labor laws without breaking 20% of them," Sabharwal has said for years.

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