Small business can create more jobs in India than Tesla will

Policies favoring big companies aren't making impact on youth unemployment

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Indian Prime Minister Narendra Modi, right, with Tesla CEO Elon Musk in New York in 2023: New Delhi is too focused on big-name companies. (Narendra Modi YouTube channel via AP)

Ritesh Kumar Singh is founder and chief executive of policy research and advisory company Indonomics Consulting in New Delhi.

Close to a quarter of Indian young people are unemployed, posing a significant threat to the revival of consumption in the country. That could eventually spell trouble for economic growth and potentially lead to political instability.

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