Unless we find ways of tweaking safety nets we will continue to see a shortage of labour which will impact projects and businesses across the country
These days I spend a lot of time looking at policy issues in the education sector, across all aspects - K-12, college and vocational. And the situation is deplorable. There is a lot of talk by the government, especially by the previous HRD Minister, but no serious significant attempts are being made to improve the quality of outcomes.
A disturbing scenario has consistently been taking place when promoters and PE investors, together, with the bankers, drive the IPO price up when selling the dream. The juice is totally sucked out of the company by pricing the IPO ridiculously high
In order to succeed, social entrepreneurs need to focus on sound business practices, just like for-profit entrepreneurs. Success in the social space is not just measured by IRR and the measurement of social impact can be expensive and debatable today
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June 01, 2013 15:45 pm by Amiya Kumar Mishra
In my opinion it is a matter of convenience of all the stake holders: It is not convenient for the politician to spend money in any scheme other than welfare schemes (e.g. NREGA) for votes. It is not convenient for the business class to shell out a bit more to the real worker as he needs to grow at ...
May 31, 2013 15:33 pm by Luis
Dear Pooja, good to reconnect. Making vocational jobs aspirational is key - both in terms of compensation and dignity of labour. Luis
May 31, 2013 15:31 pm by Luis
Gayatri, thanks for your post. Yes, the lack of dignity of labour is a big problem in India, and a problem that will take time to get over. One factor that could help speed up that process is the shortage of labour and the rise in the implied minimum wage due to schemes like NREGS. Luis
May 31, 2013 13:37 pm by Pooja Gianchandani
Fantastic to see that your oversight on skilling issues continues Luis. I still remember you saying (am paraphrasing of course) - " financial services will have to reach every Indian, for which you will need many Indians - that are skilled and trained" - during session on Sector Skills Council for F...
May 31, 2013 13:16 pm by Gayatri Eassey
Highly interesting blog post! Thank you for sharing this. I am currently a fellow with the American India Foundation and have been working on skills development in India for the past year. We just completed a survey of young people in India and found a tremendous amount of frustration among youth wh...
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