India aims to introduce living wage by 2025, a step up from minimum wage, ensuring the basic needs of workers are met.
The International Labour Organization supports India's shift from minimum to living wage, a vital move for worker welfare. Investments are subject to market risk.
India plans to transition from minimum to living wages within a year, enhancing the quality of life for millions.
The 2019 Code on Wages, once implemented, will establish a wage floor across all states, impacting over 500 million workers.
India's move to living wages aligns with its commitment to achieving sustainable development goals by 2030.
With ILO's support, India focuses on capacity building and data collection for effective living wage implementation.
India urges ILO to consider health, education, and living standards in defining living wages for developing countries.