There is no denying that the country has achieved remarkable economic growth over the last years but unemployment is still one of the major problems hindering holistic development.
Employment opportunities are not available comparing the number of labour force entering the job market every year. Moreover, inconsistency between job market and education system has contributed to the swelling of the number of educated unemployed.
In such a situation, it is indeed good news for youths that the government has devised a scheme in the budget for fiscal year 2020-2021 to provide employment to one crore people.
Reports show that currently the number of unemployed youths without education and training is 74 lakh. In such a situation it is important to encourage youths to become entrepreneurs by offering them easy loans.
There is a need to create a supportive atmosphere
for the freshers and budding young entrepreneurs
and facilitate them with appropriate tools
We need to instill a mindset of entrepreneurship into our students. Though entrepreneurship does not constitute such a social security as employment in large companies do, still it can reduce the country’s growing burden of unemployment and contribute to economic growth.
It is therefore necessary to adopt measures that will help people become self-employed to achieve a dignified life. We expect that by creating entrepreneurs we can reduce the pressure on the country’s job markets and reinforce the country’s economic growth.
Entrepreneurship is indispensable for a country’s steady economic development and in order to encourage entrepreneurship, we must disseminate education on it.
Though such education has already been integrated in developing countries to create awareness and motivate fresh graduates to take up business as profession, such subjects or majors have not been widely covered in the various levels of education system in our country.
Hence, the departments concerned should look into this issue with due seriousness. Also in order to encourage more youths to take business as their profession, there is a need to create a supportive atmosphere for the freshers and budding young entrepreneurs and facilitate them with appropriate tools.
