Employment & employability: India’s dual challenges

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.