By Rina Chandran MUMBAI, June 29 (Reuters) - Archaic labour laws that impose myriad restrictions on manufacturers have hamstrung India's ambition to be a low-cost centre to rival China and now threaten to spark greater tensions as layoffs bite in a slowing economy. The Congress party-led government is expected to announce steps to protect jobs in its inaugural budget next week, but analysts fear the government will stop short of overhauling laws they say hurt competitiveness and lead to ...
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