India is a developing country. Got bored of hearing this again and again, right? For it to be a well-developed country, India needs to focus more on developing its economic status. India has less than one-fifth of workers who are in salaried employment.
More job creation would boost up India’s rank in Global Prosperity ladder. India is still in lower middle-income status which needs some salaried jobs to boost its status. The economic survey 2017-18 says if the per capita income in India grows at 6.5% per year, India would reach upper-middle-income status by the mid-to-late 2020s.
In my view, a few things should be concentrated to guarantee a great scope of job creation in India.
Indian youth of lower income sections is lacking skills to get employment and hence they have to be trained well, to make them job-ready.
The Academic qualifications of current students are not sufficient to meet the skill-set and hence practical knowledge has also to be improved.
Foreign investments and industries should be encouraged.
Employment and Labour laws should be revised.
To improve the economic standards and revenue generation in the country, more salaried jobs have to be created.