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Title: IMPACT OF GLOBAL ECONOMIC POLICIES ON THE FUNCTIONING OF TRADE UNIONS IN INDIAN PUBLIC SECTOR ENTERPRISES
Authors: Prof. (Dr.) Dhirendra Kumar Singh
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Prof. (Dr.) Dhirendra Kumar Singh Professor & Head, PG Department of Economics, Veer Kunwar Singh University, Ara, Bihar
MLA 8 Singh, Prof. (Dr.) Dhirendra Kumar. "IMPACT OF GLOBAL ECONOMIC POLICIES ON THE FUNCTIONING OF TRADE UNIONS IN INDIAN PUBLIC SECTOR ENTERPRISES." Int. j. of Social Science and Economic Research, vol. 8, no. 12, Dec. 2023, pp. 4042-4058, doi.org/10.46609/IJSSER.2023.v08i12.024. Accessed Dec. 2023. APA 6 Singh, P. (2023, December). IMPACT OF GLOBAL ECONOMIC POLICIES ON THE FUNCTIONING OF TRADE UNIONS IN INDIAN PUBLIC SECTOR ENTERPRISES. Int. j. of Social Science and Economic Research, 8(12), 4042-4058. Retrieved from https://doi.org/10.46609/IJSSER.2023.v08i12.024 Chicago Singh, Prof. (Dr.) Dhirendra Kumar. "IMPACT OF GLOBAL ECONOMIC POLICIES ON THE FUNCTIONING OF TRADE UNIONS IN INDIAN PUBLIC SECTOR ENTERPRISES." Int. j. of Social Science and Economic Research 8, no. 12 (December 2023), 4042-4058. Accessed December, 2023. https://doi.org/10.46609/IJSSER.2023.v08i12.024.
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ABSTRACT: The impact of global economic policies on trade unions within India's public sector enterprises (PSEs), analyzing both quantitative and qualitative data to understand how globalization, privatization, and labor reforms have transformed union dynamics. Historically, Indian trade unions played a crucial role in advocating for workers' rights and were deeply integrated into PSEs, especially during India's state-led economic model. However, liberalization reforms introduced in the 1990s have redefined labor relations, reducing union bargaining power due to market-driven policies and privatization pressures. This study employs a mixed-methods approach, collecting quantitative data from surveys of 600 union members across PSE sectors and qualitative insights from interviews with union leaders, public sector managers, and policymakers. Quantitative findings indicate a 37.5% decline in union membership from 1990 to 2020, underscoring the adverse effects of global policies on union strength and worker protections. Regression analysis reveals a significant negative correlation between economic liberalization and union influence, reflecting increased job insecurity and skill mismatches due to automation and privatization. Qualitatively, thematic analysis of interviews reveals adaptive strategies adopted by unions, including reskilling initiatives, digital mobilization, and partnerships with global unions. These strategies underscore unions' shift from traditional collective bargaining to a broader focus on worker empowerment and skills development. The study concludes that while global economic policies challenge trade unions, they also present opportunities for strategic adaptation. Policymakers are encouraged to collaborate with unions to develop inclusive policies that balance economic growth with labor rights, fostering sustainable industrial relations. This research contributes to the discourse on labor resilience in a globalized economy, offering recommendations for unions and policymakers to navigate economic transformations effectively.

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