“…Both the neoliberal scholars often argue that investment by multinational firms is not just economic expansion, their higher returns to coexist with improved conditions of work and worker's wellbeing along with rise in standard of living of all stakeholders over the long run. However, over the years, many research studies have highlighted that with the pace of globalization and subsequent policy pressure of flexibilization, the informalization process such as engaging more temporary, casual worker, and contracted or skilled-self-employed have further exacerbated vulnerabilities across the sectors (8,10,11,23,27,31,37,39,40,41,42). Such continuous exacerbation of the deficit of decent work along with stagnation and declining regular employment share across sectors have further questioned the efficacy of the state's free market reform process (1,2,3,36).…”