Labour Policies & Vocational Training
Germany follows a system known as the ‘Social Market Economy’, which in India is called ’Inclusive Growth’. Since the end of the Second World War, Social Market Economy has become the brand for the way Germany has been providing general and vocational education, social protection, workers’ representation at the workplace (the so-called co-determination) and welfare for its people.
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Vocational education and training is fast emerging as an important area of focus as Germany and India enhance their strategic bilateral partnership. One of India’s biggest challenges as well as advantages is its growing young population. The average Indian will be only 29 years old in 2020. India targets creation of 500 million skilled workers in 2022, and Germany is one of its strong partners for this.
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Corporate Social Responsibility (CSR) aims at a social and ecologically sustainable way of running business. In Germany, which already has a set of high mandatory social and ecological standards, CSR is an instrument to improve sustainability even further. The Federal Ministry of Labour and Social Affairs (BMAS) set up a roundtable on CSR comprising all the stakeholders. In 2010 it finalised its Action-Plan CSR. Through GIZ, Germany also collaborates with India in the field of CSR guidelines.
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Germany is one of India’s most important trading partners and ranks among the top ten foreign investors in this country. Bilateral trade volume between the two countries has grown dynamically during the last few years. This has led to an increase in the exchange of professionals from both countries, thereby creating a need to simplify regulations on social security between the two countries.
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