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“The consistent flows depict that FPIs are fast gaining confidence in the Indian equity markets, after they made harried exit in the months of July and August, due to measures such as rollback of super-rich surcharge, merger and recapitalisation of PSU banks, relief measures for the revival of automobile sector, rationalization of corporate tax rates among others,” said Himanshu Srivastava, senior analyst manager research at Morningstar Investment Adviser India.

“Well, in all of our areas, India’s been a key place where we find innovators and financial services. It’s fantastic the way that the Aadhaar identity system and the overall UPI system is gaining adoption, and there’s some great lessons out of that work,” he said.

Startup India is the flagship initiative of the government, launched in January 2016, which intends to build a strong ecosystem for the growth of start-ups, to drive sustainable economic growth and generate employment opportunities. The Startup India action plan provides tax and other incentives.

The UNICEF, earlier in a statement, said the current workforce in India is 480 million, of whom 93 per cent (446 million) are employed in small, informal-sector enterprises. More than 60 per cent (288 million) are employed in rural India. In addition, 90 per cent of India’s workforce has received no formal skills training.

In the next twenty years, India’s current population of 444 million children will enter the working age. India will have a huge task to equip these adolescents with marketable skills, the UNICEF said.

The central government is in the process of implementing Occupational Safety, Health and Working Conditions (OSH) Code, and Code on Wages. Parliament has already passed the Code on Wages and rules are being framed for its implementation.