India has to generate 8 million jobs per year at least for the next 10-12 years and raise the share of manufacturing in GDP as it strives to achieve the vision of becoming a developed country by 2047, Chief Economic Advisor to the Government of India V Anantha Nageswaran said.
“We have a vision to achieve a developed India by 2047. The biggest challenge, apart from India’s size, is that the external environment is not going to be so benign for the next 10-20 years as one might have had in the last 30 years, starting from 1990 or so,” Nageswaran said here Saturday.
“But within this context – that’s a given, you can’t choose your external environment beyond a point – we have to generate 8 million jobs per year at least for the next 10 to 12 years…And raise the manufacturing share of GDP, in the context of China having achieved such a tremendous manufacturing dominance, especially post-COVID,” he said. PTI
