#Somaliland’s #resource #wealth is drawing attention—but without #enforcement, it risks becoming a free-for-all. #Sovereignty must be asserted in #law, on #land, & at #sea.
https://saxafimedia.com/somalilands-resources-not-up-grabs-enforcement/
#Somaliland’s #resource #wealth is drawing attention—but without #enforcement, it risks becoming a free-for-all. #Sovereignty must be asserted in #law, on #land, & at #sea.
https://saxafimedia.com/somalilands-resources-not-up-grabs-enforcement/
Stop Funding Freebies. Start Funding Founders.
There is a way for India to take on three of its biggest issues together. Youth unemployment, growing wealth inequality, and the rising mental health struggles among young people. And if we get this right, it also sets up our manufacturing story for the next twenty years.
Here is the thinking.
65% of India is under 35. Over 600 million of us are between 18 and 35 years old. No major economy in the world has a younger workforce than ours. This advantage stays with us till around 2055, and then the country starts aging. So the next ten to fifteen years is really the window we have.
But look at what is happening in this window.
Youth unemployment was at 17.8% in September 2025. For graduates under 25, the number has even touched 42% in some recent surveys. Alongside that, the Indian Psychiatric Society says nearly 60% of mental health cases in India today are from people 35 and below. A 2024 study in Scientific Reports found that 66% of unemployed Indian graduates show signs of depression, almost double the rate of those who are employed. So the joblessness and the mental health crisis are not separate issues. They are feeding each other.
The shift I want to suggest is fairly simple.
A good portion of what is currently being spent on blanket freebies could instead be sent directly to young entrepreneurs, makers, tinkerers, and small innovators. The money should land straight in their personal bank accounts, not pass through layers of departments. Aadhaar based direct transfer already works at this scale in India. The system is ready.
The important thing here is freedom of execution.
Once someone qualifies on simple criteria, they should be free to use the money the way they think is right. Some will try small scale manufacturing. Some will build hardware products. Some will start food brands, agri-tools, electronics units, repair shops, or local engineering services. Many will fail. Some will change direction. A few will go on to build something meaningful. The role of policy here is just to enable the attempt, not to control the outcome.
This is especially important if we are serious about manufacturing.
The countries that became strong manufacturing nations did not get there only by inviting foreign factories. They got there because their own people spent years running small workshops, tool rooms, fabrication units, and component businesses. That is how Germany built its base. That is broadly how China, Taiwan, and South Korea grew their supplier ecosystems. Manufacturing depth is built from the bottom up.
And here is the part that often gets missed.
Even when a young person tries something and fails, they walk away with real skills. They have worked with raw material, suppliers, costing, quality issues, and customers. This is exactly the kind of workforce a global manufacturer looks for when they decide where to set up. So even in the cases where ventures fail, the country still builds a deep, hands on, factory ready talent pool. That same group becomes the backbone of Make in India when foreign companies move operations here. The worst case is still a national win.
The base is already in place.
India has 128 unicorns. Over 1.7 lakh startups are registered with the government. Skill India trains close to 10 million people every year. What is missing is a clean mechanism that puts capital directly in the hands of young people who want to build.
On misuse, yes, some of it will happen. But that is not a reason to stop. It is a reason to design the system properly. Milestone based releases, digital dashboards, independent audits, public reporting. We already run UPI at a scale no other country has matched. Building a transparent monitoring layer for a fund like this is well within what we can do today.
On freebies, the RBI has been flagging for a while that rising subsidies are putting pressure on state finances. Punjab is already carrying debt around 50% of its GDP. Every rupee given as a short term handout is a rupee that did not go into someone’s long term ability to earn for life.
And the timing for this shift is honestly very good.
Global manufacturing is moving out of China. The world is openly looking for its next big hub. We have the people, we have the digital rails, and our startups have already shown they can build for the world. What is needed now is a clear decision to place trust and capital directly in the hands of our own youth.
So the suggestion really comes down to this.
Spend less on blanket freebies. Send that money directly to young entrepreneurs, makers, and innovators. Let them use it the way they see fit. Build accountability through digital systems, not through bureaucratic checkpoints. And treat every attempt, whether it succeeds or fails, as a contribution to India’s manufacturing future.
Make in India will work in its full sense only when Indians are funded, trusted, and equipped to build.
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Europe’s ultra-rich club grew by 26% in five years — led by Germany.
The number of people with at least $30 million (€25.7m) in wealth is growing across Europe.
Germany has by far the most ultra-rich, and continues to add more.
#Wealth #Europe #Rich #Millionaires #Billionaires #Economy #Business
"We may have democracy, or we may have wealth concentrated in the hands of a few, but we can't have both." -- Louis Brandeis
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