HR Practices in Post Liberalisation Era: AnAnalysis on Organisational Culture in India

Indian economy has been taken a new track after 1990 by the introduction of new industrial policy. This policy brings changes in the shape and structure of Indian business scenario and very popularly known as Liberalisation, Privatisation and Globalisation (LPG). Finally, this policy exposed the Indian economy as a giant hope before the world business tycoons. It is of no doubt that huge foreign investment has been coming to Indian economy with a sharp growth of GDP. It was a concern for debate whether the Indian industries can maintain the HR policies and practices at par with the foreign conglomerates. But after 26 years of its implementation, now it is the time to analyse the HR practices now prevailing in the country, whether it is better or worse than the pre-implementation period and what is the reason behind this change. With this research question this semi exploratory descriptive study has been conducted over 132 employees working at different organisations in India. Here the researcher categorised the organisations into two halves: pre-LPGand post-LPG. Aftercollectingthedata throughstructuredquestionnaire, ithasbeenanalysed and observed that most of the post-LPG organisations are not following different statutory requirements as compared to pre-LPG organisations. For the sake of the law abiding matter, Government is not very strict for these post-LPG organisations as that will make FDP inflow low. Differential policies are adapted by the MNCs in HR matter at different countries and especially for India. At the concluding section, the researcher elaborated the cause behind this type of serious lapses observed in the country and their remedies.