India has the biggest pool of the young ones in terms of
population in the world and it is said that a young population is a key towards
a well accomplishing nation, not just in terms of economy but also in terms of
social structures. But alas, India has always been a path breaker and although
half of the Indian population is under the age of 30, it still lags behind from
the world, despite surpassing others in terms of human resources and a
prominent reason behind it is unemployment i.e. despite having the talent there
is no room for its expression.
Statistics reveal that, in the year 2018, 31 million people in
India are jobless and the numbers are constantly on rise. Every year, hundreds
of thousands of students graduate from college and venture out for earning
opportunities. However, only a few of them prove to be capable enough and lucky
enough to grab a decent job. The major reason behind this scenario is the lack
of quality of education and the scarcity of jobs in the market. This creates a
desperate situation wherein people applying for jobs, which are below the
stature of their qualification. Many try to secure government jobs and the
others look forward for private ones. In a recent study it was observed
that for every 1000 jobs that gets available, there are 1 lakh candidates
applying for it. Due to the scarcity, students decide their courses
not based on their orientation but on the earning opportunities of it.
So, do you now understand where we all are going wrong? It’s a
simple math’s.
Job seekers > job creator’s
There exists a huge gap between the number of jobs available and
the number of candidates applying for it. To bridge this gap we need to
generate jobs, which can be done only by bringing in new companies
(multinationals) or starting our own i.e., startups.
80% of all the students who graduate, look forward towards
working for a well renowned organization, opting an easy way out. The rest 20%
dream to nurture their own company. This not just generates job but it also
boosts up the economy.
In the past, the United States, The Scandinavian and the other
north European countries were the ones who used to foster the culture of innovation
and entrepreneurships. Now, even India has begun to walk on their path. In the
year 2015, The Indian government initiated a policy named “STARTUP INDIA”,
which was meant to encourage young entrepreneurs to start their own company.
Apart from startup India, government also started “stand up India” to
bring out talent from certain underdeveloped categories. This policy allows a
person from specified category to loan money from 10 lacks to 1 crore, just to
encourage people towards innovation.
Under the policy, the government decided to assist the drive
creators, not just financially but also in every other possible way. The
government here works as a backbone, just in case if the business fails then
the policies lessen the blow for the business person. It can thus be said that
in today’s time, the Start up’s are very crucial for economic growth and
if, in the near future India manages to thrive mere 10 start up’s, then we can
be sure about economy being on track with a boom in no time.
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