[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 the new economy sector, needs to play the kind of role that the real estate sector played in the first decade of the 21st century. It needs to create employment opportunities similar to what the real estate sector did when a large chunk of the population from diseased states abandoned farming and made their way to urban areas in search of work and a livelihood. At present, when the real estate sector has been under severe crisis for a long time, experts see these high-technology companies as a rescue to the current dismal employment scenario. Contrary to the common notion of technology being inversely proportional to employment opportunities, we now have several examples, such as Uber, Ola, Zomato, Paytm, Amazon, Flipkart, Jio, etc., that these tech companies, if provided with the required capital and an environment to sustain and grow, can provide a good number of employment avenues to semi-skilled and highly skilled labor. In this evolving landscape, starting hypnotherapy business
can also thrive by leveraging technological advancements to reach a broader audience and create new job opportunities within the wellness industry.