Unemployment

Unemployment is the biggest challenge India going to face in the near future. In the wake of the global slowdown, fiscal imbalance and huge current account deficit India needs to move ahead with big ticket reforms. At the same time we have to cure the cancer of corruption and maladministration. Even though the demographic dividend is an advantage for India, providing education, health and job for the 60-70% is a challenging task for government. To bridge this lacuna more focus should be on education, skill development and entrepreneurship development plans. The new Naipunya Skill Development Scheme and support for incubators are most welcoming initiatives. First give education, then people will either find a job or create employment. If we convert ideas in to business then we can create large number jobs. The concept ‘sustainable business’ for my village by GLII is aims at promoting social enterprises through rural business. India should develop sustainable villages and develop rural hubs. The social enterprises run by the youth should produce multitude of products for daily lives and the surplus items should store and sell through rural hubs. These enterprises can also provide manifold services for human development. Instead of creating jobs our focus should be on the creation of job creators. Thus we can develop a self sufficient and sustainable India.