Industrial Growth forms one of the basis for Nation's development. Industrial growth can be achieved only if there is cordial industrial relationship between the employer and the employees. The need of the hour is balancing act between Labour Rights Duties & Corporate Growth. There are three important players in Industrial Relations namely employer employee and government. The subject of Labour Law is grooming in importance every day as it affects a number of people directly and indirectly. The aim of Labour Law is the promotion of social justice and equity.