Labour Codes- 2020-Some Reflections Prof. (Dr.) D. Mukhopadhyay According to the classical economists, labour, in terms of importance of factors of production, comes next to capital. It is perhaps impossible to carry out any production of goods and generation of service without scientific intervention of labour in any economy. Even in highly automated production and distribution system, at least one human being is required to switch on and switch off the automotive machine. Possibly, its functional importance made Labour comes under the ambit of the Concurrent List of the Indian Constitution which implies that the Central Government and the respective State Governments are statutorily empowered to make laws for regulating labour, taking care of interest of labour and maintaining industrial peace and harmony between the employees and the owners of the industrial organizations and undertakings in the country through the Parliament and the State Legislatures respectively. According to the available statistics, there are more than 100 State and 40 Central Laws in place for regulating various perspectives and aspects of the Labour Market. The year of 2002 is a landmark year when the Second National Commission was given a mandate to study existing Labour and Industrial Laws and as a sequel to such mandate, it recommended for consolidation of the existing Central Labour Laws into broader groups such as Industrial Relations, Wages, Social Security, Safety and Welfare and Working Conditions in order to improve ease of compliance , ensure and promote consistency in the Labour Laws, promote industrial peace, easy dispute resolution and redressal of the grievances so that there uninterrupted flow in the supply of labour which in turn is expected to contribute to the cause of socio-economic development of the country.