Startups are Paving Way for Mass Employment

Startups also lead to the creation of a skilled workforce. In our case, quite a few of our earlier employers who were doing manual labour are today skilled to operate the fabrication machines as well as proficient in critical contemporary skills like computer literacy and communication skills.

Roti, kapda aur makaan’ – from a film title to electoral promises, these three fundamental needs have formed the holy trinity of Indian citizen’s basic self-sufficiency. The most dependable way of fulfilling these needs, globally, has been employed’ (or, hashtag friendly equivalent, job) generation. In a capitalist economy, the government’s role is to formulate and implement policies that encourage job creation. It is the responsibility of the industry to actually create those jobs. However, in India, jobs usually translate into government jobs, and employment generation’ has usually been interpreted as employment generation by the government’.

A hangover of the pre-liberalization mentality, we as a society have forgotten to upgrade our expectations of the State of the evolving globalized economy. While our country has transitioned from socialist’ ideals to globalized development’ ideology, we are yet to figure out whom to lay the onus of job creation. As a result, the responsibility of job creation remains a fuzzy area in our society despite the huge pool of skills and talents that the country has to offer.

You might also be interested to read: 6% Unemployment not High for India: Bombay Stock Exchange MD

While the government pushes for higher employment figures through policies, and corporations struggle to create jobs in an adverse environment, it is the startup ecosystem that has emerged as a ray of hope to fulfil the employment aspirations of the society.

Source: India Today

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