India with its burgeoning population faces a critical challenge of creating jobs. A collective effort of India’s private sector, GoI, NGOs and citizens is required to tackle this challenge. One way of doing this would be to focus on developing employment-intensive sectors.
ADVERTISEMENT Monetise skills A large portion of the population has skills – wood carving, marble inlay, animal husbandry, etc – which can be monetised. Productive microfinance can help create self-help/joint liability groups for this purpose. Institutions can help SHGs with finance, quality control, marketing and accounting services to create a viable business entity.