8 Million Jobs Needed Yearly: India’s 2047 Development Vision Hinges on Manufacturing Boom
Chief Economic Adviser V Anantha Nageswaran has underscored the monumental task ahead for India to achieve its ambitious 2047 development goals. He stressed the critical need to generate at least eight million jobs annually for the next decade and beyond.
This sustained job creation is paramount, according to Nageswaran, for India’s transformation into a developed nation. The manufacturing sector’s contribution to the GDP must also significantly increase to support this growth trajectory.
The CEA’s statement highlights the immense challenge India faces in balancing economic growth with inclusive development. Meeting this target requires substantial investment in infrastructure, skills development, and policy reforms.
The success of this ambitious plan directly impacts the lives of millions of Indians. Failure to create these jobs could lead to social unrest and hinder the nation’s progress towards its 2047 vision. The coming years will be crucial in determining whether India can successfully navigate this path.
