India to generate 8 mn jobs per year for next 10-12 years: CEA Nageswaran

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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.

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.

"We have a vision to achieve a developed India by 2047.

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Category: BusinessFinance

Markets: IndiaChina

Topics: Economy Macroeconomic Manufacturing Anantha Nageswaran Gross domestic product

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Published On: 2025-04-21 @ 17:23:05 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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