‘With the Right Political Support, I Can Create 5 Lakh Jobs in a Year,’ Says Startup Founder
‘With the Right Political Support, I Can Create 5 Lakh Jobs in a Year,’ Says Startup Founder
Finance expert and Wisdom Hatch founder Akshat Shrivastava has criticized the Make in India initiative, calling it a “failed campaign” that only created marketing hype without real impact. In a detailed post on X, he pointed out India’s lack of a skilled workforce as a major roadblock to economic growth.
See the post here:
I live in a community in Dubai: my security guard is from UP. My electrician and plumbers are from Bangladesh. The gorcery store near me has entire Nepali staff.
— Akshat Shrivastava (@Akshat_World) February 12, 2025
Almost all of them earn anywhere between 2500-4000 AED.
Spend time with such people, they will tell you their… https://t.co/1Mka9d9o2i
Shrivastava compared India’s progress with Vietnam, which has attracted businesses in the past decade. “We don’t have a skilled workforce,” he wrote, highlighting that many engineers from third-grade colleges eventually shift careers. He also noted that over 50% of India’s labour force works in agriculture with poor training, leading to low productivity.
According to him, India cannot compete with economic giants like the US and China in a trade war. “There is no way we will win a trade war with them. Cutting duty on Harley Davidson is just the start,” he remarked, stressing that India’s focus should be on training its workforce.
As a solution, Shrivastava suggested training at least 20% of agricultural workers for jobs in carpentry, plumbing, and security services. He said such efforts lack the publicity that large campaigns receive, which is why they are often overlooked.
Sharing his personal experience, he spoke about meeting security guards, electricians, and plumbers in Dubai who earn 2,500 to 4,000 AED per month. He criticized policymakers for being disconnected from real-world challenges.
Shrivastava said he started 10 Airbnbs in Goa, creating jobs for at least 20 people. He claimed that if supported on a pan-India scale, he could generate 5 lakh jobs in a year for free.
