India’s prosperity depends on reducing its 50% self-employment
India has 63 million enterprises but doesn’t need that many — the US economy is eight times our size but only has 22 million enterprises. More importantly, 12...
India is still inadequately Formalised, Financialised, Urbanised, Industrialised and Skilled. While the regulatory challenges do pose questions on smoother business functioning and consequent job creation, there are several underlying factors which indicate that there is a lot of work to be done in employment, employability, and ease of doing business.
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For years, India’s labour ecosystem resembled a dusty filing closet, layered, confusing and waiting for someone brave enough to open it. The arrival of the New Labour Code didn’t introduce more files into that cabinet; it attempted to replace the...
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