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Can small be beautiful in terms of Job creation??

Created by : Veena Gupta, Analyst, Blackstone Group  | 12 09 2010 07:11:20 +0000
Industry : Hedge Funds/VCs/Private EquityFunctional Area : Getting Started(Entrepreneurship)
Keywords : small businesses smb's mnc's indian mnc's job creation major corporate houses small and medium sized businesses
Activity:  217 views;  last activity : 12 11 2010 05:02:24 +0000

In a recent news.... if every small and medium-size business within the European Union were to take on two new employees, that would create about 46 million jobs. That would significantly shorten Europe's unemployment woes. Although it is big companies that have been assiduously courted by governments, the fact is that it is firms with fewer than 250 employees that create the most jobs in the EU.

The same is true in the United States, where small businesses generated 64% of net new jobs over the 15 years to 2009, according to the government's Small Business Administration. But in Europe, that figure has in recent years been as high as 80%, the European Commission reported in 2008.

So, in Indian context can Small be beautiful in terms of job creation??

  
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India with a huge industrial base both in Organized and unorganized sector offers unmatched employment opportunities to young indians. All we need to do is to augment their skills and tap the potential sanjay bhardwaj
By Sanjay Bhardwaj, Partner/Principal/VP, Health Management Solution  | 12 11 2010 05:02:24 +0000
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lots of employment is created by small sector.we have more then 7 crore small shops in india.
By sandesh saboo, Research Associate/Analyst, saboo associates  | 12 10 2010 11:49:22 +0000
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Definitely, in India the scarcity of job is a vital topic hat need solution, This can work or show a way to get rid of that.
By Anand Sharma, Monitoring the research funded by DIT, Department of Information Technology  | 12 10 2010 05:56:03 +0000
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No, The EU and US where major corporates will get bigger & bigger but that will not necessarily drive growth in both the places. Whether their trade be in finance or food, textiles or technology, the majors will be investing in the world's growth markets. They want and need to be positioning themselves to enjoy the burgeoning wealth of Brazil, India, Russia and China. Uncertainty over the future of Europe & US inevitably influences their investment decisions. And Investments are not heading towards them Investments are heading towards emerging nations, and here bigger is better. So, in Indian context small is not beautiful for job creation....
By Veena Gupta, Analyst, Blackstone Group  | 12 09 2010 07:13:25 +0000
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