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India to create 100 million jobs

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Staff writer ▼ | January 24, 2014
India is looking to create as many as 100 million skilled jobs in the manufacturing sector by raising its share of GDP to 25 percent from 16 percent, Commerce and Industry Minister Anand Sharma said.
Anand Sharma
Anand SharmaIndia is looking to create as many as 100 million skilled jobs in the manufacturing sector by raising its share of GDP to 25 percent from 16 percent, Commerce and Industry Minister Anand Sharma said.


Mr. Sharma is at the World Economic Forum (WEF) annual meet where he would also have interactions with top executives of large companies from across the world.

"India aims to raise manufacturing (sector's) share of GDP from 16 percent to 25 percent and create 100 million skilled jobs. This is a must do," Sharma said while addressing an WEF session on manufacturing. According to the Minister, India needs to expand its manufacturing sector to boost exports and ensure sustainability.

As part of India's national manufacturing policy (NMP), the country is seeking to boost the sector's growth and ramp up its share in the country's GDP to 25 percent from the current 15-16 percent in the next decade. The target is to create 100 million jobs by 2022. The decline in manufacturing sector growth rate has cast its shadow on the country's exports that slowed down to about 6 percent in November last.


 

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