As an individual we wish to have financial independence and security in our life. A recent poll found that what people want the most is security of income.
The global economy is now more interconnected and interdependent than at any other time in history. It’s a highly turbulent and unpredictable environment. If there is a change in government economic policies in U.S. or China, businesses in India are affected. Also, even slight change in government policies in India affects huge part of corporate and business community thereby affecting the employees or business owners.
Further, due to rapid developments in technology; skills, services or supplies of today might become obsolete tomorrow. And that uncertainty makes it all but impossible for employers or business entity to know what kind of challenge they will face tomorrow. As a result, in current scenario and resources, nobody can promise financial stability and security. So, what’s the alternative?