Banning of Trade Unions will be Beneficial in Growth of the Economy

Let me make few quick points.

When India got the freedom the world had already experienced the failure of socialism and capitalism both therefore we adopted a notion focusing on socialism and moving towards capitalism.

Till the date, the bargaining power of labor's is very low.

Rationalizing the idea of banning trade union in India will be a mistake.

Though there should we strict supervision of trade unions that the don't blackmail the employers and let industry function smoothly.

Ban them. They destroy competitiveness, productivity, and prosperity. They are easily corruptible, they often (far too often than not) delve into politics and become linked to political parties and breeding grounds of Marxism and other radical anti-business/anti-economic policies. They immobilize protests (loss making activity) and this is despite the fact that many jobs could easily be automated/outsourced or simply replaced (via new employees), thus they're a potential danger/liability to employees (despite claiming otherwise). They radically alter the political environment also, making it difficult for politicians to pass fiscal policies that would genuinely boost prosperity and growth within the economy (ie. Aggressive pro-competitiveness policies), effectively handicapping advanced economies (leveraged nations) to enter a period of inability to adapt to their fiscal/economic needs (ie. Controlling out of control debt, anti-competitive policies, unsustainable pension plans, loss of workers to outsourcing) thus stifling and guaranteeing said nations to a future of "muddling through it" (ie. Europe) and low growth (which in turn only then increases populism/social and political volatility, thus creating a repeating cycle/downward spiral of declining competitiveness and thus declining comparative prosperity). There is a very little real benefit they bring any more. Times (and the business environment) have changed and so have trade unions. The world is now truly global. Most modern trade unions are more a disservice and hindrance to national prosperity and growth than they are beneficial. Thus they should be eliminated. Either that or reformed immensely to reflect the now truly global nature of the business and the absolute importance of competitiveness. In a world of free-trade (or low WTO tariffs) competitiveness is King.

Trade unions are working for the welfare of workers in firms. The absence of it may lead to exploitation of workers by employers. It put forward the problems of employees to the firms. But trade unions must be transparent. They should not be prone to corruption. It must stand strong for the welfare of employers and also for the growth of the firm.

Trade unions work as the intermediary between the employer and the employee. They deliver the woes demands and needs of the employees to the employer and negotiate for the betterment of the organisation. If trade unions don't exist there will be chaos in the industry. Management will exploit the plight of the employees. So there should be a well-regulated body in the name of trade unions to work for the benefit of the both. But these days we see trade unions be biased towards the employees and treat management as the culprit. It should be a win win situation for both the parties. And trade unions should not provoke employees to go for random strikes against the management. So sole responsibility lies in the hands of the trade union to negotiate deals in a peaceful manner.