Aditya Jayagirdar of Quartz India analyses the unemployment crisis in India and proffers solutions that could help to alleviate it. He suggests impact investment as one of the solutions with emphasis on high employment sectors such as apparel, leather and footwear.
While the garment sector provides an operating margin of as high as 11.4%, he says it holds further opportunities for improvement as the productivity level in the Indian garment sector is among the lowest in the region.
Any effort to alleviate the crisis by the private sector is bound to be ineffective without the government's input through effective fiscal and monetary policies.
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