Mom-and-pop stores, Mittelstand and pakodas.

"Highlighting the issue of jobless growth plaguing the Indian economy, Mahindra Group chairman Anand Mahindra...stressed the need to boost manufacturing to create jobs on a mass scale and take advantage of the global factors that our moving in India's favor." ET. Prof Raghuram Rajan recommends trade in services. "While trade in goods seems to have reached its limits before the pandemic, trade in services still has not." "Similarly, telemedicine has become increasingly feasible not just in psychotherapy and radiology but also in routine medical diagnosis. Again, global organizations could help to reduce informational and reputational barriers, allowing for a general practitioner in India to conduct routine medial exams for patients in Detroit - referring them out to specialists there when needed." Apart from language problems how can you physically examine a patient online? In the US, "The average cost of Medical Malpractice Insurance is $7,500 annually," howmuch. net, which converts to a tad less than Rs 60,000 per year at today's conversion rate of Rs 79.37 per dollar, xe.com. "Mahindra said in the US, 90 percent of new businesses are mom-and-pop shops and while their investment may not be huge, they create 67 percent of new jobs in the country." "About 13 million young people join the workforce in India every year," wrote Ajit Ranade. "Most entrants are under-trained, unprepared, unskilled, and condemned to subsistence jobs, at least initially." "Except for a few thousand, most jobs are not created by large corporates, public or private." "They mostly come from small, medium, and tiny one-person enterprises. Thus, 6 million new jobs need at least 60,000 businesses to be born every year." "The Mittelstand, a term often used to describe micro, small and medium enterprises (MSMEs) in Germany, account for 68% of German exports, 52% of its economic output and employ some 15.5 million workers, which helps the country keep its youth unemployment low (3.6%)," wrote Diva Jain. "Indian MSMEs are quite similar to Mittelstand firms." "Instead of using their agility and low cost structure to exploit niche markets, most Indian MSMEs spend resources on navigating venal bureaucracy and extracting their dues from larger businesses, which according to a recent report have ballooned to Rs 10.7 trillion." Hence, "Frustrated at not being able to find the right kind of job, millions of Indians, particularly women, are exiting the labor force entirely, according to new data from Centre for Monitoring Indian Economy." ET. "In 2014, there were 300 to 400 start-ups in the country, but in eight years their number rose and now there are 70,000 recognized start-ups, the prime minister said." BS. "The India growth story that has been sold to us over the years can be summarized in one line: There are lots of Indians and we can sell them something. The trouble is that many Indians are not in a position to buy what fintechs or for that matter what other startups sell," wrote Vivek Kaul. Instead of salaried jobs, young Indians have been advised to fry pakodas. India Today. If there are no jobs who will eat the pakodas?