Certainly , not BIG companies !
Here is the proof :
Economic Times ( 03 Nov )
carries following news report :
“ Big Cos Not So Big On Job Creation “
For instance, the gross block of top 10 large companies, such as L&T, BHEL and
Indian Oil, rose 8.6 % a year since 2008 ,
but headcount
increased at just 0.5 % a year
The average manpower growth at Manufacturing companies included in
the BSE 500 was 2.88 % a year , with more
additions at smaller companies
To validate , just take any BIG company’s Annual Report
Find out
( A )…… “ No of Employees “
( B )…" Total Capital ( Fixed + Working ) Employed “
Divide….. B / A
You will come up with a figure of Rs ONE CRORE or more !
India adds ONE MILLION ( 10 lakh ) persons per month to its
workforce ( 12 Million / year )
Let us “ desire
“ that , out of this 10 lakh , BIG companies
should provide jobs to just 1 lakh persons
That means , BIG companies would need to
put in Rs ONE lakh*crore worth of CAPITAL ( Fixed
+ Working ) , EVERY MONTH
!
Even if market demand keeps GROWING for their “ Products / Services
“ [ month after month ] , who has that kind of money ? ( Remember , even the
fastest growing markets for any product
/ service is no more than 1 % per month ! )
And putting up large / organized sector businesses , take years –
especially , factories !
So , what should be the government’s focus as far as job creation
is concerned ?
It should be “
Self Employed “ sector , at the “ Bottom of the Pyramid “ !
Obviously , it is not practical to increase the number of “
Licensed Hawkers “ in Mumbai , from ONE LAKH to TEN
LAKH , without bringing all traffic ( pedestrian and vehicular ), to a
complete stop
But we must find a way to enable ONE MILLION
( 10 lakh ) flat /
hut owners to carry on business from their homes / residences , by simply registering as “ Self Employed from Home “ , as long as such business
/ industry / service is non-hazardous ( air pollution – noise pollution – chemical
effluent – explosives – harmful radiation – vending of banned items –
delivering of banned services etc )
To understand why , read :
Start-UpEco-Systems / USA vs INDIA
https://myblogepage.blogspot.com/2015/10/start-up-eco-systems-usa-vs-india.html
A NEWECONOMIC ORDER ? aka " Start Up Act - 2015 "
https://myblogepage.blogspot.com/2015/09/a-new-economic-order.html
Any other approach is “ Bakwaas “ !
05 Nov 2017
www.hemenparekh.in
/ blogs
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