Wednesday 27 January 2021

Jignesh Shah optimistic about Indian youth


Indian economy is a developing mixed economy. The government is introducing several reforms to create possibilities for getting Foreign Direct Investment (FDI) and foster business partnerships. Some initiatives have already been undertaken to alleviate the business environment from outdated policies and regulations. This reform is also aligned with the parameters of World Bank's 'Ease of Doing Business' index to improve India's ranking on it.

The government has always been seen as a regulator and not a facilitator. This initiative intends to change this by bringing a paradigm shift in the way Government interacts with various industries. It will focus on acting as a partner in the economic development of the country alongside the corporate sector. Since the launch of Make in India in September 2014, FDI inflows have increased tremendously.

India's visionary entrepreneur Jignesh Shah has not only empowered the Indian financial market infrastructure on the lines of Tokyo and the US but his group has put India on the global map by setting up exchanges across continents right from Africa, to Middle-East, to South-East Asia. His strategies and initiatives brought in immense development in the FinTechindustry and generated several new openings for India’s growth.

Looking at the bright future of the youth, Jignesh Shah created and nurtured a business that made India the world's second-largest marketplace in commodities trading and we were on the top in all businesses our exchanges did. He now sees 100 times bigger business potential in the Start-Up ecosystem after having set up 14 exchange companies across 6 continents in a span of 10 years in his earlier stint and feels he can create 10 crore jobs over the next decade for the country’s youth. His journey is more than thrilling, challenging and worth taking inspiration from. At present, Jignesh Shah wants to focus this time on a mentoring role and help youngsters with innovative ideas live their entrepreneurship dreams by providing them a platform for "institutionalization, globalization and scaling up" of their ventures.

He wanted to bring a change in his country and that is why he had created an eco-system that narrates the ideology of the ‘Make in India’ campaign by Narendra Modi. His motive was to create more job opportunities for the youngsters of India, which were both of high-standards and environmentally friendly. This brilliant strategy of Shah has created millions of job opportunities across the country.

Also Read: Jignesh Shah's story of evolution through organic growth