With India on the cusp of creating 50 Mn jobs by 2020, President Pranab Mukherjee has further laid his trust on startups and small business. “Every year 10 Mn persons are entering the job market and not adequate job creation is being done. The solution has to depend on startups, we shall have to start small businesses,” stated President Pranab Mukherjee.
He made the above statement while addressing a special session of the All India Management Association (AIMA) at Rashtrapati Bhavan, on June 7, 2017.
As pointed out by him, startups and small businesses are the only way for India to completely utilise its demographic dividend. President Pranab Mukherjee further believes that jobs must be created for the millions of youth entering the work population.
“There is an urgent need for the management education in India to give training for entrepreneurship. This would help improve the Indian youth to get employed and many of them would be able to set up new businesses,” he added.
New Delhi-based All India Management Association (AIMA) also announced during the event to set up a council for teaching management and entrepreneurship skills. The council offers various services in distance education, testing, skill development and training, events and conferences, research, publication and management development programmes.
The central government had ensured jobs for 50 million unemployed people in India by 2020. This will be achieved by digital solutions and regular job fairs.