Back

Mitesh Shethwala

Founder - Currently.... • 8m

🚨 India's Economic Dilemma: Balancing Technological Growth and Employment 🚨 India's economic puzzle is challenging to crack, but it's a conversation we must have today. 🌾 Agricultural Workforce vs. GDP Contribution: The Big Mismatch Fact: India has ~150 million people in agriculture (45.5% of the workforce), contributing just $450 billion to the economy. Compare this to the USA: 2.6 million agricultural workers (1.2%) generate $200 billion! 🤯 The difference? TECHNOLOGY ADVANCEMENT! 📉 The Efficiency Paradox: If India modernizes agriculture rapidly, 148 million workers could be displaced. But if we don’t, GDP growth will lag behind global economies. 🚨 Stuck Between Innovation and Unemployment: The risk is real. Modernize and risk mass unemployment in rural India, or avoid modernization and watch the economy stagnate. This isn't just about agriculture; let's look at manufacturing, which India is promoting heavily with the Make In India Initiative. ⚙️ Foxconn vs. Apple: A Lesson in Wealth Creation Foxconn produces 70% of all iPhones and has a market cap of $70 billion. Apple, which owns innovation and IP, is valued at $3,360 billion! 💡 India must learn from this – Real wealth is created through innovation, not mass manufacturing, but manufacturing is vital for employment generation. 📚 Education and Skilling: India spends only 3.1% of its GDP ($93B) on education, while the USA spends 6.2% ($1.5T)! We must rethink our education and skill development investment to transition our workforce from agriculture and manufacturing to high-value tech and services. 🚀 Suggested Solution the Way Forward: Invest heavily in Education and Skilling 📈 (Let’s target 6% of GDP!) Empower Skill Development Programs to prepare workers for future jobs. Promote Innovation and R&D to create more high-value jobs. Support Startups and SMEs with policies that encourage entrepreneurship. India’s future depends on balancing technological advancement with social stability. We need to modernize, but we must also ensure that we bring people along. Let's make India's growth story one of inclusive innovation! 🚀

4 replies4 likes
2
Replies (4)

More like this

Recommendations from Medial

Image Description
Image Description

Rohan Kute

Want relief from gut... • 1m

Piyush Goyal recently said that to compete with China, we must focus more on innovation — especially in AI and automation. Let’s ground this with a quick reality check of India’s current economic and employment landscape: Employment Distribution (A

See More
2 replies10 likes
2

Rahul Gupta

Hey I am on Medial • 9m

Humanoid robots will slowly take over the workforce and soon EXPONENTIALLY grow global GDP.

0 replies2 likes

Mahendra Lochhab

Content creator • 2m

The travel and tourism industry contributed US $178 billion to India's GDP in 2021. By 2028, the industry is projected to contribute US$512 billion to India's GDP.

0 replies1 like
1

Mahendra Lochhab

Content creator • 1m

The online education market in India is projected to reach US$7.57 billion in 2025 and US$18.94 billion by 2029.

0 replies2 likes
Image Description
Image Description

Jaxram

Build an empire with... • 10m

Which industry need innovation and startup ideas from 2024 ? Healthcare Banking Education Transportation Manufacturing Food Share your thoughts

4 replies1 like

Mahendra Lochhab

Content creator • 7m

The education sector in India is estimated to be worth $117 billion and is expected to grow to $313 billion by 2030.

0 replies2 likes
Image Description

Chamarti Sreekar

Passionate about Pos... • 4m

Foxconn, a key manufacturing partner for Apple, has stopped sending Chinese workers to its factories in India, replacing them with Taiwanese workers.

5 replies14 likes

srikar sri

Hey I am on Medial • 10m

Do we really need to ReSkill the manufacturing workforce?

0 replies3 likes

Unknown

Indian • 5d

Today, I will tell you why India, Pakistan, and Bangladesh are poor, with a GDP per capita of just $2,000 India: • GDP: 3,940 billion • Exports: 776 billion • Imports: 854 billion • Trade Loss: -78 billion • Main Import Item: Petroleum (170

See More
0 replies4 likes

Mahendra Lochhab

Content creator • 6m

The education sector in India is expected to reach US$ 225 billion by 2025.

0 replies1 like

Download the medial app to read full posts, comements and news.