Manish Sabharwal, chairman and co-founder, TeamLease Services, discusses five ways India can create more formal jobs with Nidheesh M.K., and says labour law, human capital and government reforms are essentialReboot urban governanceCountries don’t take jobs to people but people to jobs. Blunt informality with fewer rulesOnly 1 million of 63 million enterprises pay social security; 19,500 firms have paid-up capital of Rs10 crore. Capital has been handicapped without labour and labour handicapped without capital. The only real, sustainable and scalable way to help farmers is to move them to non-farm jobs. Partition govt roles clearlySolving labour market problems of matching (connecting demand to supply), mismatch (repairing supply for demand) and pipeline (preparing supply for demand) need policy boldness and openness.

Source: Mint December 08, 2019 18:11 UTC