Abhijit Bhaduri’s Blog
I write about careers, skills and the world of work. The cartoons and sketches are mine.
Employment & employability: India's dual challenges
98.6% of non-farm businesses have fewer than 10 workers. Entrepreneurs create jobs for themselves and for others. We have to encourage them to scale up. Here are some ideas for Budget 2018:Expand the definition of MSME to be Rs 50 crores.Tax agricultural income beyond Rs 20 lakhs per annum. This can form the fund that can be given to entrepreneurs.21% Indian companies with over $1billion in value have given more than 15% returns on capital. When companies have scaled up they have provided good returns. Getting our entrepreneurs to not just start-up but scale up may be the answer to employment and employability.