What’s next? Create next generation jobs and entrepreneurial opportunities to cope up with job decline

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Gayathri Vasudeva, Co-Founder and CEO, LabourNet

Greetings to our readers!

GST has brought in a wave of change as we gear up for fresh opportunities and challenges that lie ahead in the new era. The informal sector, has now come in the ambit of GST and is predicted to bring in a sea change in this sector as jobs and payments will get regularised for the informal workers.Our immediate focus is to develop means of job creation for these workers through self-employment and entrepreneurship by equipping them with the right skills and financial prowess.

Improving livelihoods through entrepreneurship

Indian economy has primarily leaned on the service sector. An ever-growing middle-class, equipped with better purchase power, is ramping up its consumption of various services. Presently, domestic consumption of services, that constitute over 50% of GDP, in various sectors like healthcare, beauty, apparel, auto, agriculture, logistics and leather goods & garments have opened fresh avenues for entrepreneurial jobs in these sectors. While consumer led sectors like auto, beauty, apparel, logistics and leather are witnessing a spurt of next generation job roles to cater to rising demands, healthcare and agriculture sectors have received a shot in the arm due to the awareness and demand for better living standards.

LabourNet is devising various models to ensure deeper market penetration through entrepreneurial roles for informal workers. With the right kind of industry aligned skill development and mentorship, these individuals and groups can take their skills to the next level by choosing to work on their own terms and improve quality of life.

Upskilling and reskilling for next generation jobs

While it is important to generate new job roles for the informal sector, it is equally important to revisit existing roles and take them to the next level. Fast-paced technology advancements, changes in product mix, compliance changes and sophisticated industry demand in various sectors like manufacturing, apparel, logistics, healthcare and construction are making existing worker skills almost obsolete. This has taken a heavy toll on industry demand.

In order to bridge this gap, it is essential to reskill these workers and help them stay industry ready. This will not just help them keep their jobs, but also create a positive impact in the productivity of businesses and stimulating growth of industries.

GST changes have given us the opportunity to boost next generation jobs and take the country towards a progressive path. We intend to contribute and steer in this new direction with consistent and quality service.

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