Policymakers must recognize that the heatwave does not only impact the livelihoods of farmers and daily-wage labourers. Any strategy to mitigate the negative effects of climate change on livelihoods should also incorporate urban street vendors. A first start would be fixing the issues of the 2014 law and ensuring provision of basic facilities.
Sweden defines a small business is that it should have not have a turnover exceeding 5 million Euros. On the other hand India’s definition of an MSME is one based on fixed investment in equipment. Comparing a Swedish small business to an Indian one is like comparing meatballs with dosa.
With current measures failing to encourage Indian women to join the labor market as skilled workers, the most worrying sign is that the newly released National Policy for Skill Development doesn’t outline any new vision.
While there is no denying that rapid expansion of manufacturing remains the time-tested method for economic growth and job creation, there is evidence that manufacturing volume may not be the best proxy for long-run economic prosperity of a country.