The document discusses industrial relations and emerging socio-economic trends in India. It notes that industrial relations were previously reactive and inflexible, but that the 1991 New Industrial Policy generated a new business environment that liberated the private sector and improved industrial relations. Key developments since then include stronger trade unions, improved quality of work life, and a more collaborative approach between workers and management with shared goals and more open information, replacing the previous adversarial approach.

1. Industrial Relations & The
Emerging Socio- Economic
Scenario
Prepared By:
Ruchi Sachdeva

2. Industrial Relations & The
Emerging Socio- Economic
Scenario

3. Industrial Relation is the interaction
between workers & the
management.
Emerging socio-economic means
the new trends in IR in the era of
GLOBALISATION.

4. During earlier times means before the
advent of New Industrial Policy
• The IR were reactive and on adhoc basis.
• They were rigid and inflexible.

5. But when New Industrial Policy was announced in
1991 IR’s too experienced the change
 New industrial and trade reforms were announced
by the government that improved the relations.
 The best thing was New Industrial Policy
altogether generated a new business environment
where in PRIVATE sector was liberated from the
clutches of excessive government control.
 New Economic Policy maintains good Industrial
Relations.

6. Developments In IR
Trade unions.
Quality of work life improved.
New context.

7. TRENDS
OLD New
 Aim – Labor and  Aim –Both have shared
management have and common goals.
different.
 Information- Hold  Information- Open &
information to ones own transparent.
chest.
 Mode of operation- Strict  Mode of operation-
rules and procedures. Realistic plans
 Feeling – Negative.  Feelings- Positive

8. THANK YOU!!!