Start-ups,the solution to scarcity of jobs in India

Start-ups,the solution to scarcity of jobs in India

Posted by P. Charitha on June 10th 2017

Reiterating what he said during his speech during the Pitch@Rashtrapati Bhavan, a programme to connect investors with start-ups which  held in March  this year ( Read http://startup2day.in/story-fullview/pitchrashtrapati-bhavan-what-the-president-had-to-say-about-start-ups-in-india) , the President  of Mr.Pranab Mukherjee said that the  Startups and small businesses are the solution to scarcity of jobs in India. While addressing a special session  to mark the Diamond Jubilee of the All India Management Association (AIMA) at Rashtrapati Bhavan, on June 7, 2017, the President of India Mr.  Pranab Mukherjee said that , “Every year 10 million persons are entering the job market and not adequate job creation is being done. The solution has to depend on start-ups, we shall have to start small businesses.
 
Speaking on the occasion, the President said that there is an urgent need for management education in India to complement training for entrepreneurship. Startups and small businesses must come up to create jobs for the millions of our youth entering the working population. That is perhaps the only way that we can fully utilize our demographic dividend. The youth, simultaneously, need to be equipped with suitable skills to man the jobs that get created. He commended AIMA for taking the initiative to set up a council to teach management and entrepreneurship skills. He stated that these skills would improve the employability of Indian youth and enable many to set up new enterprises. 
 
The President said that India has made tremendous progress since 1957, the year in which AIMA began its journey. AIMA has, since its inception, made an outstanding contribution to the development of India’s management culture and capability. Indian managers are considered as best managers and are always in high demand. He said that he was happy to note that AIMA was taking on more responsibilities and expanding its portfolio of activities. He hoped that AIMA would continue to follow the ideas, principles and philosophy with which it had been started 60 years ago. 
 
As pointed out by him, start-ups and small businesses are the only way for India to completely utilise its demographic dividend. President Pranab Mukherjee further believes that jobs must be created for the millions of youth entering the work population. “There is an urgent need for the management education in India to give training for entrepreneurship. This would help improve the Indian youth to get employed and many of them would be able to set up new businesses,” he added.
 
New Delhi-based All India Management Association (AIMA) also announced during the event to set up a council for teaching management and entrepreneurship skills. The council offers various services in distance education, testing, skill development and training, events and conferences, research, publication and management development programmes.The central government had ensured jobs for 50 million unemployed people in India by 2020. This will be achieved by digital solutions and regular job fairs.Among the dignitaries present on the occasion were Shri Sunil Kant Munjal, President, AIMA and Chairman, Hero Corporate Service, Ms. Rekha Sethi, Director General, AIMA and Shri Preetha Reddy, Past President, AIMA and Vice Chairperson, Apollo Hospitals Enterprises Ltd. 

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