India needs 10 million new jobs annually to sustain 6.5% GVA growth through FY30
The Business Guardian|November 03, 2024
India will require approximately 10 million new jobs each year from FY25 to FY30 to maintain an average GVA (Gross Value Added) growth of 6.5 percent annually, according to a Goldman Sachs report.
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India needs 10 million new jobs annually to sustain 6.5% GVA growth through FY30

Incentivizing affordable housing developments could stimulate the real estate sector, which employs over 80 percent of the labor force within construction. This would provide a significant boost to job creation across various skill levels.

Establishing IT hubs in tier-2 and tier-3 cities and Global Capability Centers (GCCs) in smaller cities would reduce pressure on Tier-1 urban centers and increase job opportunities in underserved areas.

Shifting fiscal incentives toward labor-intensive manufacturing sectors, such as textiles, food processing, and furniture, could support job creation for low- to middle-skill workers.

هذه القصة مأخوذة من طبعة November 03, 2024 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 03, 2024 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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