The reality is that India is failing to provide employment to its millions and millions of youths within the country. Some Indian industrialists keep complaining about the Indian education system; the education system of India does not enhance skills of the youths that they can be employed, they argue.
But the Indian policy makers and administrators seem to lack the sense and ability to convert the potential strengths of India to more and more opportunities. There actions are not enough to tackle the growing problem of unemployment. They should introspect why the 'make in India' campaigns are not giving measurable and notable results.
As I have written in some blogs earlier, one of the most important action that the Indian administration should do is to enhance the incomes of the people at the lower economic strata so that domestic consumption of goods and services increase and demand rises.
There are many ways by which the government can boost the employment opportunities in the country. But the first objective and priority of the government should be employment generation and nothing else. The government should consider giving appreciable tax rebates for companies and organisations who are good in creating more and more permanent jobs with salaries of employees above the minimum income taxable level. In other words, corporate tax level should come down as the employee strengths above taxable salary level increase.
It should be the priority of the government to find new job avenues. Firms that come up with new concepts and ideas which enhances employment should be given priority for government approvals rather than those coming up with higher capital expenditure or higher returns only.
Technical and financial audits of all investments should be made mandatory. More and more private audit organizations should be allowed to be set up for this purpose. Similarly for all doctors and hospitals, it should be mandatory to provide the medical reports to the patient within a reasonable time of say one week so that the report could be filed with the medical insurance companies or for other purposes as decided by the patients or their relatives. The authorities should study the employment generation potential and the practice of medical transcriptions within India in the coming years.
Social security system should be enhanced with higher returns to the participants instead of the peanut schemes of the government as of now. If needed more and more social security organizations should be set up. Contributions to the social security system should be made mandatory for all working individuals. All working individuals should have just one social security number and the system of joining, continuation and getting benefits should be simple and practical instead of the present member unfriendly systems.
Real estate companies should be allowed to run and manage the colonies and the flats they build and sell on a long term basis on a chargeable basis in a professional manner. The present system of forcing the owners associations to manage the residential colonies and apartment complexes should be discontinued. The real estate companies should also be allowed to set up residential complexes with units leased on rental charges.
Skills and training need to be given due importance. It should be mandatory for employers to employ people with proven training and skills for a particular technical or professional job. In other words, the skills imparted at professional college levels should continue in the job front as well. The practices of employing any tom-dick-and-harry for any job should be restricted by statutes. Employers must be mandated to issue specific skill and experience certificates to employees on an annual basis which should be used to build the national skill and experience pool.
It should be mandatory for professionals to be members of their professional associations or institutions which are recognized by the government. Those who are not members of such professional guilds should not be allowed to work in that profession. It should be the responsibility of these guilds to ensure minimum professional skill and experience levels for their members for a particular professional job.
There are several other things that could be thought of. But for all these, the primary objective should be employment generation and all other objectives should come later.
If there is a will, there is a way.
Will our leaders listen? Will our leaders lead this country to prosper for the benefit of each and every citizen? Will they use their thought faculties properly and act? Let us wait and watch. After all, our leaders too are from our own lots! If we think better, they too would.