The higher education options and jobs across India have grown significantly opening up a well of opportunities for the Youth and it is indeed a great sign to reckon. We can see this as a growing trend since last 10+ years especially across BFSI, Telecom, Travel, Medical, Pharma, and Infrastructure markets. With more and more reforms coming up across various sectors including Telecom, BFSI, Defence, Travel sectors in India, it is imperative that there are more opportunities to serve the underserved and, unexplored societies and markets across India. With the growing opportunities in India and indigenous demand, low cost availability of Goods and Services are extremely important. This also throws immense opportunities for Businesses to emerge and serve the growing demands.
The current higher education has great ability to impart the latest knowledge and technologies to the Students, who can in turn help the businesses to grow and meet the demand in some way. Is this enough for our current needs? It is absolutely not sufficient. In order we achieve more innovative methods in providing low cost solutions for the growing demand, there is a need of evolution across Students within India along with their Educational qualifications. Every Student coming out of Higher education and joining either Jobs or Entrepreneurship ought to be exposed to more and more practical experience, logical & objective thinking and working, ideas by way of questioning. Add to this, more exposure to a relevant domain helps them understand the domain for better. When a student starts identifying the problem areas in a domain and brings in his own solutions by way of disruptive thinking, which is when innovation comes up and spurs up the Entrepreneurial thinking. A Student when exposed to the nitty-gritties of Entrepreneurship, that is when we can see more and more Entrepreneurs coming up and generating disruptive ideas and innovations for further growth of India. India has immense potential for business involving low cost solutions for the Society across underserved and unexplored areas. By-product of course creates more employment and demand.
In the Indian context, disruptive innovation follows the basic principle, but it starts out as a cheaper alternative of a strategy and targets a market segment partially tapped/untapped by the existing businesses. With growing India population across mid-segment income groups, the visibility of fast growing demand is imminent.
Ramesh Baswa, MD/CEO, Sollet Soft Solutions
He has started Sollet Soft Solutions Pvt Ltd (Sollet) at Hyderabad in 2012. Sollet is a unique IT Organization that has its own IT products using SMAC solutions. Sollet with its plans towards B2B and B2C space for India using its IT products has the potential in bringing more opportunities for the underserved and unexplored societies across India.