Infosys co-founder Nandan Nilekani on Wednesday said that the “formalisation” of the economy will happen not by large companies hiring thousands, but by harnessing entrepreneurs.
Infosys co-founder Nandan Nilekani on Wednesday said that the “formalisation” of the economy will happen not by large companies hiring thousands, but by harnessing entrepreneurs.
“The formalisation of Indian economy will happen, not by large companies hiring thousands of employees, but by networks, being agile and flexible, and by harnessing individual entr-epreneurs and giving them access to credit, sk-ills, markets, social security and so on,” he said.
Speaking at an event, he said: “To address the problem of employment and entrepreneurship, ways sho-uld be found to aggregate millions of small producers of different kinds into platforms.”
Citing Ola, Uber, Ama-zon and Flipkart, he said, “Why this is important is because, platfor-ms enable people to mo-ve from the informal economy to formal economy by giving them acc-ess to market, credit and social security.”
