Abhishek Anand

One of the most intriguing and relatively undocumented developments of the last 20 yrs has been "multi-plants," whereby a single firm operates not one but multiple production facilities within a state

In multi-plant units, flexibility in hiring & firing labour comes from fact of having many plants. In single plants, there is no such flexibility, which renders use of contract labour more important

All the heady optimism has overlooked the vulnerable state of the macro-economy. Caution, not complacency, is the more appropriate sentiment for now