[Ed Note: The following post is part of the TLF Editorial Board Test 2019-20. It has been authored by Sanchit Khandelwal, a second year student of NALSAR University of Law.]
The last decade has been marked by the emergence of technology and innovation driven industries, mainly in the form of start-ups being turned into massive capital infused giant companies in no time because of the peculiar characteristics of this sector. This technology and innovation driven sector, also known as new economy sector needs to play the kind of role what the real estate sector played in first decade of the 21st century, to create employment opportunities like what the real estate sector did when large chunk of population from diseased states abandoned farming and made their way to urban areas in search of work and earn livelihood but at present times when real estate sector has been under severe crisis for a long time, experts see these high technology companies as rescue to the present dismal employment scenario. Contrary to the common notion of technology being inversely proportionally to employment opportunities we now have before us several examples in form of Uber, Ola, Zomato, Paytm, Amazon, Flipkart, Jio, etc. that these tech companies if provided required capital and an environment to sustain and grow can provide good number of employment avenues to semi-skilled and highly skilled labour.