How The Indian Government Increased Employment Opportunities In The Country

How The Indian Government Increased Employment Opportunities In The Country

India never had a shortage of talented and educated professionals, but the rate of employment in the country has never been that impressive. From the year 2000 onwards, a lot of foreign companies started setting up businesses in India and hired a lot of qualified professionals in different posts.

For a brief period of time the employment rate in the country went up considerably, but when people realized that the private companies were exploiting them, they started quitting jobs in flocks and the employment scenario was miserable once again. During this time, a couple of state governments (West Bengal, Gujarat and Haryana) decided to rise up to the occasion and came up with a couple of unique ideas to help increase employment opportunities in the country. The following steps were taken by these state governments:

It was not possible for these state governments to bring about a radical change in the bank job scenario, so they decided to change the rules of the game. A set of guidelines were laid down to be followed by the foreign companies if they wanted to do business in India. According to these guidelines, no foreign company was allowed to take back 100% percent profits to its home country.

They were instructed to invest a percentage of their profits in infrastructure development in the rural areas and that created a lot of bank job openings. This was basically a win-win situation for both parties. The Indian government did not have the money to invest in infrastructure development and employ people and the foreign companies had also had nowhere to go because they had already invested in setting up their business units in the country. The problems for both parties got solved very easily for a very small price!

Giving away lands at deep discount prices to foreign companies: It is not unknown to the multinational companies that labor is very cheap in India. Almost everyone out there wants to set up a business unit in the country because of this reason! When the government decided to give away huge stretches of land at deep discount prices to these companies, they simply got overwhelmed and started setting up business units in the country because the cost of establishment was very low.

This increased local employment because they needed manpower to man these business units. This system also increased government employment because these companies were not exempted from following rule number one explained above.

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