Industrial Disputes in India – An Analysis

Abstract

Industrial relations refer to all types of relationship between all the parties concerned with industry. There are three main parties in an industry viz., employee including their trade union leaders, employer, and the government, each assuming a significant role. The economic advancement of any nation is closely related to its
industrial progress. Men, machine, materials are the most important factors for the growth of industries. Of these, the human factor stands foremost and constitutes the basis for successful working of any undertaking. Hence, maintenance of good labor management relations is essential, without which the industrial machinery will slow down and come to a grinding halt.