It's not different here. Bonds are illegal by labour law in India. They cannot be enforced in court. They only serve as a harassment tool, and they work because most young workers don't know better.

On the other hand, you can also see why working in a civilized place, like Western Europe with less liberal firing laws is also popular...

ah I was using it in the technical (political) sense to mean that the balance is slightly more towards the servant than the master.

More conservative employment laws would mean less employment rights for workers.

Less liberal in the UK would be the fringe torys who want to get rid of all employment protection.