3 min read.Updated: 04 Sep 2018, 07:50 AM ISTLivemint
Overlooking quality of jobs in the quest for quantity will not make for a sustainable growth path
Entrepreneurship is good. It is an essential input for economic development, creating new markets, new industries and productivity-enhancing innovation. About 64% of respondents to the YouGov-Mint Millennial Survey are entrepreneurs or intend to become so. This tilt towards entrepreneurship is backed up by a number of other reports, such as the Q1 2017 “Randstad WorkMonitor" report. This, according to the theory, should be good news. But the reality in India is somewhat different. The evidence points to a substantial chunk of this being push entrepreneurship, spurred by a lack of options. This is one aspect of a larger problem: the poor quality of jobs in India.