00:00 (upbeat music)
00:02 The market today is hoping that there will be
00:14 appropriate policy making from the government
00:17 to manage this demographic dividend.
00:20 We have seen IT sector zooming up in the mid 90s, late 90s,
00:27 and it created massive amount of employment.
00:30 We need one more miracle like that in some other sector.
00:35 Now today, that is likely to more come
00:38 from the services sector
00:39 than from the manufacturing sector.
00:42 It's not that manufacturing is not possible to do,
00:45 but it will require some major setup changes,
00:48 not only at the center level, but also at the state level.
00:51 Will require a mindset where the person
00:54 who is giving approval for factory,
00:57 person who is approving pollution norms for the factory,
01:00 person who comes to inspect cargos
01:03 which are meant for exports,
01:04 they all will have to have the same desire that,
01:08 look, if I do my job quickly,
01:11 this will help set up this organization or a factory,
01:14 and it will create jobs.
01:16 We need a humongous amount of changes
01:21 in our current policies and current infrastructure
01:25 to unleash manufacturing employment.
01:27 In China, it's not difficult to find 50,000 people
01:32 working under one factory.
01:34 In India, our current labor laws, current infrastructure,
01:38 that's unlikely to happen.
01:40 So we need humongous mindset change
01:43 to make our manufacturing sector
01:45 create millions of employment that we need.
01:48 But on the services sector, it might be easy.
01:50 Not that challenges are not there.
01:52 It is there, but we can change it.
01:54 I went many years before to Paris, the Louvre Museum,
02:00 and it's spread over a few acres.
02:05 You see all kinds of paintings, including Mona Lisa.
02:08 I mean, it's a great place.
02:10 It's a Mecca for artists, art lovers.
02:14 But 7.5 crore people visit Louvre Museum.
02:19 Now, the country of India is far more diversified
02:22 and far more interesting than that few acres
02:25 of peace in Louvre Museum.
02:27 But how many foreign visitors visits us?
02:31 Do we have infrastructure to take care of them?
02:34 We run advertisement, "Atithi Devo Bhava,"
02:36 but do we actually do that when we see foreigners in India?
02:40 Or do we fleece money out of them?
02:42 So if we can create the incredible India,
02:46 which we all have seen in advertisements in real life,
02:49 you'll have probably 7.5 crore, 15 crore tourists
02:53 visiting India.
02:55 You can see the employment it will create.
02:57 So we need to focus as a country,
03:01 not as a central government, to create employment.
03:04 It's not that it's not possible.
03:06 It's difficult, probably, but it's doable.
03:09 (upbeat music)
03:12 (upbeat music)
Comments