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How India's Startups Are Feeding The Country's Unemployment Crisis

India is a country that is inhabited by more than 1.21 billion people, and by  2022  it is projected to replace China as the most populated nation in the world. This enormous size of its population has resulted in the difficulty of providing ample jobs to its citizens; the severity of the problem can be understood from the International Labor Organization’s (ILO) report titled  world employment social outlook , which states that the number of job seeking Indians is projected to reach 17.6 million people in 2017. Last year, the Chattisgarh Government’s Directorate of Economics and Statistics was barraged by  75,000  applicants for 30 peon jobs – a 14,000 Rupee position that involved basic tasks such as fetching tea. Amongst these queries many included requisitions from qualified engineers and management graduates. In 2011 around ten million Indians with graduate, post-graduate and technical degrees were looking for work. Unemployment rates were higher among the better qualified, a

The Link Between Happiness And Personal Missions

The intersection of the secret of happiness, how you don’t get to choose your mission and how different missions call different people different ways leads to some people being happier than others at any given moment. This is why it’s so important to latch on to an unmet need or a new way of connecting with people’s hearts, minds or souls. The Secret of Happiness Happiness is good. We learned from a  Harvard study  that it’s three goods: Doing good for others; Doing things you are good at and; Doing good for yourself. Thus, cherish your most important relationships and be a contribution. Do more of what you’re good at and less of what you’re not so good at. Take care of yourself, your health and well-being, your financial security and your work/life balance. You Don’t Get to Choose Your Mission The lesson from  Kate’s Farms  and others is that mission is not a choice. It’s dictated by others’ needs. Sometimes those others give you a mission or sometimes it hits you over the h

India On The Cusp Of A Major Growth Phase, Says Credit Suisse

Long relegated to second place behind China, Asia’s economic leader, there are clear indications that India is on the verge of a dramatic growth phase, according to analysts from the international investment bank, Credit Suisse. “India looks to be firing at last,” was one of the headings in the bank’s report which also contained a warning for international mining companies hoping to sell bulk materials, such as iron ore and coal, to the country. Self-sufficiency, which has long been a political objective in India, appears to be developing in bulk commodities with distribution problems that have dogged coal and iron ore being overcome. Piles of coal stand near a rail yard at the coal-fired NTPC Ltd. Badarpur Thermal Power Station in Badarpur, Delhi, India. Photographer: Prashanth Vishwanathan/Bloomberg The aim of the week-long visit by the Credit Suisse team was to see whether commodity intensive growth has started in India. The answer was positive, but with a mixed outloo

India is a bright spot, status not 'overdone': JPMorgan chairman Jamie Dimon

India's status as a bright spot amid global uncertainty is not "overdone",  JPMorgan  Chairman  Jamie Dimon  told the  Economic Times  in an interview published on Monday. Citing the over-seven per cent growth, the deficit going down "quite a bit", and the government taking steps which would enable future growth, Dimon told the financial daily that India's prospects over the next 20-30 years were quite good. On impact on India's image under Modi government Dimon told the financial daily that India's image had changed in positive terms after Prime Minister Narendra Modi took charge. He added that India was the fastest growing country in the world today and that changes were being made.  Admitting that politics was "hard", Dimon described that Modi was nonetheless a "successful and strong leader". He also pointed out how foreign direct investments into the country had doubles in the last four-five years.