Sunday, December 2, 2012

Can entrepreneurship solve the unemployment problem in india?

This is, of course, a matter of opinion.  My argument is
that more entrepreneurship would be a help, but that the government of India is enough
of a problem that it must be fixed before India's economy can truly take
off.


As can be seen in the link below, there are still
major problems with corruption in the Indian government.  This comes about in part
because of the continuing prevalence of the "licence Raj" which makes potential
entrepreneurs get all sorts of official permissions before they can act.  This red tape
gives many opportunities for corruption.


So, I would argue
that more entrepreneurship would help, but that India must also reform its government to
reduce red tape and corruption if it wants to solve its unemployment
problems.

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