India was and still to some extend a socialist economy. After independence almost, every Industry was taken by Government.In the book about Tata, the decades after independence a lot of Tata companies like Air India, New India assurance were taken by governments.In early 90s India started to moving towards Capitalist economy, with Govt selling stakes in all loss making public companies.In the past 30 years a lot of small, medium and large Govt companies we shut down and employees given VRS.My father used to work for a PSU called BHEL and i grew up in Government Quarters. These quarters were common in so many cities.But once the 5th pay commission was applied and Govt employees started earning a lot, slowly everyone constructed their own houses. These colonies were abandoned and now are completely ruined. There are only walls remaining, door and windows taken away by robbers.Plus most big govt companies like BHEL now have only 20% of employees, with rest been done by other private factories. So, now those extra quarters are not required and whole colonies are abandoned. When i go back to my old colony, it feels like a Ghost town.Now, what government is doing is completely right, as they cannot sustain loss making Government units for long. And in the next decade a lot of transition will be over.It started with TATAs getting back their baby(Air India). So, the common people have to understand that government jobs will shrink and lot more private jobs will be created.But private jobs are paid on skills and trends. You have to have the correct skill and know the trend. These skill can give you a 50 lakh per annum SDE job or can make you an entrepreneur like Ishan Sharma earning the same amount. Or else you will stuck in a 15K low paying private job.🚨 YouTube - https://www.youtube.com/channel/UCRf7mazcufq
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