Wage policy in India is influenced by multiple factors including cost of living (especially for minimum wage fixation), productivity, standard of living goals, collective bargaining by trade unions, government regulations, market forces, and recommendations from bodies like Pay Commissions (for government employees). No single factor listed determines the entire wage policy framework.
In India, which of the following determines the wage policy?
Asked in OPSC CS Prelims 2023 · Topic: Nature of Indian Economy (Developing Economy Characteristics)
More Economic Development questions
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