How can you create 25 million jobs every year?

The IT industry in India is predicted to lose up to 600,000 engineers in the next 3 years. The IT industry employs 10 million people so at 6% this may seem like a small number but for those who will be sacked it will be devastating. They are usually middle managers who will be 40-50 years of age. At this age most will have families with school going children. And, they will find that chances of getting another job is difficult as most will be considered difficult to retrain. The days when companies did back end jobs for foreign companies, derisively called cyber coolies, have gone. With rising salaries in India this work is shifting to other countries, like Philippines. The nature of IT outsourcing has changed from writing software to cloud computing, internet of things and artificial intelligence and robotics. How serious the crisis is can be gauged by the fact that campus recruitment in IITs has dropped from 79% to 66%, which means that 34% of graduates were not offered a job or did not find offers interesting. Not just the IT sector. Job creation is painfully slow in all sectors. The telecom sector is expected to shed 30-40% of jobs in the near future and banking jobs will also see restructuring. According to some surveys India has been losing 550 jobs across both organised and unorganised sectors for the past 4 years. Why is it so difficult? One big reason is that there are too many young people joining the workforce every year and the sheer numbers make it impossible to create enough new jobs. Our education system is inadequate, so that 90% of newly qualified engineers aren't fit to be employed because they lack the requisite skills. Even as millions are unable to find employment millions of job vacancies remain unfilled. But perhaps the biggest hurdle to job creation is the government, which makes it almost impossible to start a new business. According the the World Bank's index on the ease of doing business India ranks 130th out of 190 countries. There are too many rules and too many government departments to bribe before anyone can start anything. "If your innovation in the country depends on government approval or the judicial process, it will not be a case of 'Made in India', but 'Mad in India'," said Rajiv Bajaj, head of Bajaj Auto, which manufactures motorcycles and has been trying to get permission to make quadricycles. Fortunately, we can learn from our politicians. Children of Mr Lalu Prasad Yadav, who is to be tried for a fodder scam, have become rupee billionaires by acquiring expensive land. Daughter has acquired land in Delhi and two sons have a share in a mall in Patna. Mr Lalu said,"I don't want them to die in poverty." A caring father.