India's long-delayed labor reform rollout leaves investors in limbo

States' legislative autonomy stalls a centerpiece of Modinomics

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Investors are eagerly waiting for labor reform promised as part of Modinomics. © Reuters

KEN KOYANAGI, Nikkei senior staff writer

TOKYO -- Two years after India's parliament passed legislation aimed at streamlining India's labor laws, the changes have yet to take effect due to resistance from certain states, raising questions about the fate of regulations that have hindered the growth of startups.

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