According to Union Commerce and Industry Minister Anand Sharma, India is likely to create as many as 100 million skilled job opportunities by raising its share of gross domestic product(GDP) from 16% to 25%.
Sharma is currently attending the WEF meet in Davos, Switzerland and is expected to interact with top executives from top companies from around the globe.
“India aims to raise manufacturing (sector’s) share of GDP from 16 per cent to 25 per cent and create 100 million skilled jobs. This is a must do,” Mr Sharma said while addressing a WEF session on manufacturing.
India needs to expand its manufacturing sector to boost exports and ensure sustainability,” according to Anand Sharma.
As part of NMP (National Manufacturing Policy), India is looking to increase the manufacturing sector’s contribution to the overall GDP from 16 percent to 25 percent following an abysmal low of 6 percent in November, 2013. The target, Sharma revealed, is to create 100 million skilled jobs by 2022.