According to him, India's young and growing working-age population could prove to be the country's greatest asset in its future growth path.
In parallel with creating jobs to absorb the growing working-age population, "we need to ensure that our working-age population is employable."
Addressing the company's annual general meeting (AGM), Paranjpe highlighted four areas of focus: building strong foundational education, providing access to vocational training, continued efforts to reskill and upskill, as well as retaining talent In the economy.
"We believe that we are a microcosm of the nation and that our small steps in building human capital will one day make a big difference through a trickle-down effect that will affect our suppliers, our partners and the ecosystem at large," he said. .
To further accelerate employment generation, the HUL chairman said that as a nation, we must incentivize sectors with higher labor elasticity and cited the services sector as well as MSMEs as drivers for job creation in the future. .
"The share of employment generated by MSMEs in most developed countries is over 60 per cent, while in India it is about 45 per cent. We will have to harness the potential of these sectors and realize our vision of an India more prosperous, with no one left behind," he emphasized.
Furthermore, with thoughtful breeding and development, this can bring incredible rewards for India and Indians.
"It is our demographic dividend: human capital above all capital," said Paranjpe.
He also highlighted the need to strengthen primary education throughout the country.
"Technology can play an important role in the education and training of those who missed the symbolic 'school' bus," he added, referring to the importance of a "change in mentality" towards vocational training that will help guarantee livelihoods for everyone and boost the economy. .
In parallel with creating jobs to absorb the growing working-age population, "we need to ensure that our working-age population is employable."
Addressing the company's annual general meeting (AGM), Paranjpe highlighted four areas of focus: building strong foundational education, providing access to vocational training, continued efforts to reskill and upskill, as well as retaining talent In the economy.
"We believe that we are a microcosm of the nation and that our small steps in building human capital will one day make a big difference through a trickle-down effect that will affect our suppliers, our partners and the ecosystem at large," he said. .
To further accelerate employment generation, the HUL chairman said that as a nation, we must incentivize sectors with higher labor elasticity and cited the services sector as well as MSMEs as drivers for job creation in the future. .
"The share of employment generated by MSMEs in most developed countries is over 60 per cent, while in India it is about 45 per cent. We will have to harness the potential of these sectors and realize our vision of an India more prosperous, with no one left behind," he emphasized.
Furthermore, with thoughtful breeding and development, this can bring incredible rewards for India and Indians.
"It is our demographic dividend: human capital above all capital," said Paranjpe.
He also highlighted the need to strengthen primary education throughout the country.
"Technology can play an important role in the education and training of those who missed the symbolic 'school' bus," he added, referring to the importance of a "change in mentality" towards vocational training that will help guarantee livelihoods for everyone and boost the economy. .
