According to him (Rahul Gandhi), this was possible by connecting the existing skills of the country to the financial system. India had a large number of skilled persons. The task would be to bring them under a value chain by connecting them with the financial system.
It is known that increased mechanisation, use of artificial intelligence, the fourth industrial revolution, etc. are some of the buzz words in business media, business meetings and corporate boardrooms. But the necessity of the human element in production units is the key to any successful business. It is not that more employment means a bigger market, thereby higher demand in an economy, which ultimately helps the economy. The biggest and most successful industrialists consider that the key to success is proper utilisation of human inputs in production. Human beings are the masters of technology. But before coming to the main analysis, let us look for a similar view about the Indian economy by political leaders.
In a recent question and answer session in Bangalore between Congress President Rahul Gandhi and start-up entrepreneurs, he stressed on employment generation. The problem of unemployment reached its peak in the last fifty years and is being considered as one of the most serious failures of the present government.
This story is from the May 1-15, 2019 edition of BUSINESS ECONOMICS.
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This story is from the May 1-15, 2019 edition of BUSINESS ECONOMICS.
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