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Economy / The Economic Times

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Labour codes set to boost consumption by Rs 75,000 crore, says SBI

India's new labour codes are set to boost the economy. Consumption could rise by Rs 75,000 crore. More workers are expected to join the formal sector. Unemployment may decrease by 1.3 per cent. Social security benefits will reach more people. This framework supports both workers and businesses for a stronger workforce.

25 Nov 2025 9:37 pm