Can entrepreneurship create the jobs India needs?

A MARKET ECONOMY THRIVES WHEN THERE IS SUSTAINED COMPETITION, GROWTH AND INNOVATION. THE RESULT IS THAT CONSUMERS BENEFIT FROM EITHER IMPROVED COMPETITION OR AN IMPROVED PRODUCT

About a fifth of the world’s population increase by 2050 will be caused by India alone according to a United Nations Report of 2017. Governments often dress this unhealthy fact in terms of a ‘demographic dividend’. But the truth is that there is nothing automatic about this dividend. A huge population is unsustainable for the resources of any state. Without extensive planning to provide basic amenities and employment to this group, this dividend can easily result in chaos. ness ethics were some of the other reasons given. India has yet to deliver a Google or a Microsoft. But, some experts believe that creating a positive ecosystem was a pre-requisite for market-defining innovation. solve. The entrepreneur must be focused and dedicated. It takes a lot of hard work and patience before a measure of success can be met with on this arduous journey. Apart from technical innovation, you must have the ability to communicate and market your idea to your people. Creating good relationships and net- works at the start of your journey is crucial to ensure your success. Dealing with these myriad challenges successfully and assertively without breaking down is the key to success.

The writer is founder chairman, ICA Edu Skills, a skill development and education company