Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Saturday, 8 February 2014

A Ticking Time-Bomb ?



Consider the following  :


*  India's population is 1220 million


*  Annual net increase is 15 + million


*  285 million are in the age group of 15-29


*  When GDP was growing at 8 %, we added 5 million jobs / year


*  Now that GDP is down to 4.9 % , we are adding 1 million jobs / year


*  Jobs in India can grow at 15 million / year if GDP grows at 12 % / year  !


*  41 million unemployed are registered with 900+ Employment Exchanges


*  Employment Exchanges find jobs for a mere 3 lakh / year  !


*  Annually , 14 million ( 15 - 1 ) get added to the ranks of jobless !


*  It takes Rs 1 million by way of Capital Investment , to create ONE job


*  National economies around the world are slowing down or shrinking


*  Unemployment among youth has become universal problem


*  All around the World , governments are cutting back on Welfare expenses


*  Root cause of ALL protests / riots / demos everywhere , is JOBLESSNESS


*  Don't be fooled by experts who describe India's Youth as Demographic
    Dividend !


*  Despite being a " Low Cost Economy " ( meaning wages / salaries at 10%
    of those in developed countries ) , jobs are NOT flowing to India . Why ?
    Our youth lack the necessary " Skills " - making them unemployable


*   UPA-2 Government is trying to fool us by saying NSDC ( National Skills
     Development Corporation ) will train 500 million youth in next 5 years !


*   On the other hand , there is NO incentive to Private Sector Industries , to
     come forward to invest in training these 500 million - something that
     would require an investment of Rs 250 Million Million


*   Private Sector has ,  required Money / Expertise / Organizational setup
     to impart such training


*   But that money is in the form of BLACK MONEY  !


*   So , what is the ANSWER  ?


*   Introduce a AMNESTY SCHEME , under which no questions will be asked
     as to the source of funds ( ie Black Money ) , if these are invested by
     the Private Sector in training of India's Youth , in prescribed Skills


*   Private Sector should be allowed to charge a reasonable fee from each
     trainee , 50 % of which should be subsidized by State Governments


*   Income earned  ( from Fees ) shall be tax-free for 10 years



If UPA -2 gets wiped out in 2014 , it won't be because of corruption  !

It will be because of JOBLESSNESS amongst the FIRST-TIME voters  !


And , if NDA comes to power but fails to defuse the ticking TIME BOMB of
UNEMPLOYMENT , it will meet with the same fate in 2019 !


Are our NETAS willing to think " Out of Box "  ?


It is still not too late  !




*   hemen  parekh  ( 09  Feb  2014  /  Mumbai )

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