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Tuesday, Sep 21, 2021
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Expert Guide: What India Needs To Do To Create More Jobs

India should be able to keep pace with the changing, diverse global trends with new skills and technology

Expert Guide: What India Needs To Do To Create More Jobs
Photograph by Tribhuvan Tiwari
Expert Guide: What India Needs To Do To Create More Jobs
outlookindia.com
2021-08-06T17:02:45+05:30

There is significant uncertainty regarding an anticipated third wave of Covid-19, and businesses are still reluctant to hire. Moreover, the pandemic has impacted differently large companies, SMSEs (small- and medium-scale enterprises), and businesses in unorganised sectors. In the unorganised sector, a small enterprise such as a food stall or cycle repair shop earns every day and pays daily wages to employees. Maximum job losses happened in this segment.

After the Covid-induced disruptions and lockdowns, mid- and small-size enterprises managed to pull through for some time, but had to resort to wage cuts or layoffs ultimately. On the other hand, large, well-managed corporations like Mahindra, Tata, Birla, and others did not lay off staff. In fact, at Mahindra Group, we went out of our way to strengthen facilities for medical care for employees. Through our Family Assistance policy, family members are entitled to Rs 2 crore in the event of an individual’s unfortunate demise due to Covid.

A positive outcome of the events of the past one-and-a-half years is that...

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