BS EDIT: Can India become a global manufacturing hub?

By Business StandardPublished On Dec 23, 2024

Alarming workplace accident statistics

240 workplace accidents in 2024 led to 400+ deaths, 850 injuries; real toll likely higher due to under-reporting in key sectors like mining, energy

Hidden cost of unsafe workplaces

* Unsafe workplaces impact worker productivity

* Mental stress among workers exacerbates the issue

* Poor safety records deter potential investors, stalling industrial growth

Structural issues in labour markets

Informal sector employs 83% of India’s workforce; lack of benefits, health rights, and oversight fuels unsafe practices and exploitation

Disparities in worker safety

Low-paid, unskilled workers face severe injuries; women operate hazardous machinery at lower wages; education and income impact safety outcomes

Weak compensation and oversight

Work injury compensation remains inadequate; ESIC cards issued post-accident. 2020 OSH Code may worsen oversight by raising factory scrutiny thresholds

The way forward

India needs stricter safety regulations and labour reforms prioritising worker welfare to build a safe workforce for its global manufacturing hub ambitions