Importance of Self Employment

Self-employment guarantees economic growth that is more rapid than wage employment. This is due to a number of reasons. First off, it can assist in making India a nation of employment creators rather than job seekers. Second, it encourages private investment in industries that have seen less government involvement, such as green technology, electronics, artificial intelligence, and healthcare. The government’s welfare programs can be complemented by several social impact start-ups in the fields of skill development and women’s empowerment, which will in turn speed up economic growth. Self-employment businesses are typically labour-demanding and can therefore address the issue of rising unemployment, particularly women’s unemployment.