Primary Country (Mandatory)

United States

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
English
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
English
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
CNN
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
AajTak
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
Afterburn M. Fit Sneaker Buy Now
Amazon Essentials Maxi Dress Buy Now
Womens Fuax Leather Skirt Buy Now
Chantomoo Women's Corduroy Slippers Buy Now
Rimless Frame Driving Sun glasses Buy Now
Pioneer Men's Slim Fit Cardigan Sweater Buy Now
OLEVS Women Watches Buy Now
Men's Straight-Fit Pant Buy Now
Sunzel Flare Leggings Buy Now
Mens Fashion Henley Shirt Classic Buy Now
Women's Plaid Shacket Buy Now
Lenovo Tab M9-2023 - Tablet - Long Battery Life Buy Now
Fashion Casual Slim Fit Sweater Buy Now
Womens Strappy Square Neck Tank Top Tummy Control Buy Now
Legendary Whitetails Flannel Button-Down Shirt Buy Now
Braun Silk·Expert Pro 5 IPL Buy Now
CRZ Yoga Pima Cotton Cropped Tank Buy Now
Best Friend Keychain Gifts Buy Now
LANEIGE Lip Glowy Balm Buy Now
Men's Shawl Collar Cardigans Buy Now
MoreBack to News Headlines
India to generate 8 million jobs per year for next 10-12 years: Chief Economic Advisor Anantha Nageswaran

India to generate 8 million jobs per year for next 10-12 years: Chief Economic Advisor Anantha Nageswaran

The Hindu
Monday, April 21, 2025 6:58 AM GMT

India aims to generate 8 million jobs annually and boost manufacturing to become a developed country by 2047.

India has to generate 8 million jobs per year at least for the next 10-12 years and raise the share of manufacturing in Gross Domestic Product (GDP) as it strives to achieve the vision of becoming a developed country by 2047, Chief Economic Advisor (CEA) 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,” Mr. Nageswaran said on Saturday (April 19, 2025) addressing the Columbia India Summit 2025 hosted by the Deepak and Neera Raj Centre on Indian Economic Policies at the School of International and Public Affairs at Columbia University.

“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.

He outlined that artificial intelligence, technology, and robotics are challenges that some of the developed countries of today do not have to face in their developmental journey.

"But India, with its size, has to navigate this huge, complex challenge, and there are no easy answers. If you look at the number of jobs we need to create, it’s about 8 million jobs a year. And Artificial Intelligence [AI] may have a big role in taking away entry-level jobs, or low IT-enabled services jobs may come under threat,” he said.

He added that it is one thing to prepare the population for a world dominated by AI, but it is another thing to ensure that “we find the right balance between labour-centric policies and technology, because technology at the end of the day is not just a choice to be made by technologists. It has to be made by public policymakers”.

As India moves towards achieving the vision of ‘Viksit Bharat’ by 2047, the centennial year of its Independence, it has to plug Indian businesses into global value chains as well as create a viable small and medium enterprise sector because manufacturing and MSME both go together. “Countries that became manufacturing powerhouses did not do so without having a viable small and medium enterprise sector,” he said.

Read full story on The Hindu
Share this story on:-
Run 3 Space | Play Space Running GamePlay Run 3, the ultimate space tunnel running game with 300+ challenging levels!Adv.
Traffic Jam 3D | Online Racing GameTraffic Jam 3D is a game where you’ll be driving through heavy traffic.Adv.
Duck Hunt | Play Old Classic GamePlay the classic 1984 light gun shooter game Duck Hunt on your browser.Adv.
More Related News
Markets surge in early trade tracking rally in global peers

Sensex and Nifty surge amid global rally, easing Middle East tensions, with major gainers and laggards in Indian markets.

Modi Government left no stone unturned in ruining country’s rapidly growing economy: Congress

Congress criticizes Modi government for lowest savings account interest rates in 25 years, accusing them of ruining the economy.

Govt opens portal for auto-makers to apply under electric car scheme

Apply for India's EV manufacturing scheme with lower import tax for global automakers investing in domestic production.

Businessline conclave to focus on MSMEs’ role in ‘Make in India’ mission

Join The Hindu Businessline's MSME conclave in Bengaluru and Coimbatore to celebrate and discuss the growth of MSMEs.

Doling it out in drops: are the States being squeezed out of funds by the Centre? Premium

Is the Centre financially squeezing the States? The question arises as the Union government has been increasingly sharing less revenue with the States at a time when the ability of the States to generate revenue has weakened and their borrowing capacity curtailed.

EPFO enhances auto settlement limit for members

EPFO raises auto-settlement limit to ₹5 lakh, benefiting members with faster fund access; ILO praises India's social security expansion.

Maritime body sounds alarm on DG order on retiring 20-year-old ships, calls for urgent policy reforms

IMF officials urge policy reforms to prevent premature retirement of Indian-flagged vessels, impacting seafarers and maritime sector.

Nao Spirits, the makers of Greater Than and Hapusa gin, acquired by Diageo in a ₹130 crore deal

Launched in 2017, the brand led the way for the craft gin revolution in the country

DGCA finds multiple violations related to airlines, airports, aircraft maintenance works

DGCA uncovers aviation defects, including runway markings, maintenance issues, and safety lapses, prompting corrective actions and future surveillance.

Rare to see such a large economy growing so fast: Walmart CEO on India

Walmart global CEO and president Doug McMillon reiterated the company’s aim to source $10 billion a year from India, adding that it was rare to see a big economy like India growing as fast as it is.

Rupee surges 75 paise to close at 86.03 against U.S. dollar as global crude oil prices crash

Rupee gains 75 paise against dollar on positive market sentiments and falling crude oil prices amid ceasefire hopes.

Markets trim gains on renewed geopolitical tensions in Middle East; Sensex rises 150 points

Markets rebounded on global rally and oil price drop, but gains trimmed on ceasefire concerns and geopolitical tensions.

Indian Air Force to get at least 6 Tejas jets by March: HAL chief Sunil

Indian Air Force to receive Tejas jets by March 2026, HAL chief cites GE Aerospace engine delays.

Parking Slot | Free Parking GamePlay Parking Slot, the best online 3D car driving and parking game.Adv.
Slope Ball Run - Play OnlineSlope Game takes you on an exciting journey of a ball on special paths.Adv.
Government clears ₹417-crore electronics manufacturing cluster in Uttar Pradesh under EMC scheme

Government approves ₹417 crore Electronics Manufacturing Cluster in Gautam Buddha Nagar, Uttar Pradesh, creating 15,000 jobs.

MSME Growth Conclave 2025 | MSMEs need agile, secure ecosystem: Karnataka Minister Priyank Kharge

MSME Growth Conclave 2025 highlights opportunities in defence, space, and aviation sectors for Indian entrepreneurs.

The Hindu, IBM unveil ‘AI@Work’ to explore impact of AI across industries

AI@Work by The Hindu Group and IBM explores AI's impact on Indian enterprises, focusing on Manufacturing and BFSI sectors.

NSE’s new futures to hedge power price fluctuation loss 

National Stock Exchange (NSE) launching Electricity Futures to manage price risk in electricity supply and distribution market.

Adani, Reliance units tie up to combine fuel retail network strength

Adani Total Gas Ltd. and Jio-bp partner to enhance auto fuel retail in India, offering high-quality fuels at select outlets.

High-frequency indicators suggest pick-up in rural demand, say RBI officials

RBI officials report resilient economic activity in India with growth at 6.5% in 2024-25 despite global uncertainties.

India's economic activities resilient amidst global uncertainties: RBI Bulletin

Reserve Bank Bulletin highlights resilient economic activity in India amid global uncertainties, with benign inflation and conducive financial conditions.

Govt has provided ₹21,535 crore of incentives under PLI schemes

Government's PLI scheme attracts investments worth ₹1.76 lakh crore, generating production worth ₹16.5 lakh crore, enhancing exports in various sectors.

Sthyr Energy raises seed funding of $1 million

Sthyr Energy, an IIT-Madras startup, secures $1M seed funding for innovative Zinc-Air battery system development.

Digital continuity critical for aerospace & defence under uncertain geopolitical environment: Capgemini

Capgemini reports on the critical need for digital continuity in aerospace and defense organizations amid geopolitical challenges.

Why oil prices have declined and what are the potential implications? 

As the Iran-Israel conflict takes an uncertain pause, what has caused oil prices to go down after an initial upward spike?

Rupee rises 13 paise to 85.92 against U.S. dollar in early trade

Rupee strengthens against U.S. dollar amid hopes of Israel-Iran ceasefire, but global oil prices and FII outflows limit gains.

© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us