Saturday, November 26, 2011

Can India's National Manufacturing Policy create 100M jobs?

Sourced from the Manufacturing Executive - this is an interesting post that outline India's plans for manufacturing up to 2025.

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As proposals for its
National Manufacturing Policy continue to move through India’s government committees, industry groups are expecting a potentially massive impact on employment and a substantial boost in manufacturing - up to 25% of GDP by 2025.

Chandrajit Banerjee, director general of the Confederation of Indian Industry commented: "It aims to create 100 million jobs and put the manufacturing sector into a high growth trajectory, making India a favored destination for manufacturing."

Currently the manufacturing sector contributes 15% to India's GDP,compared to other emerging economies such as China with 34%, 40% in Thailand and 26 to 30% in South Korea, Poland, Turkey and Malaysia.

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Click here to read the full post.

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