Follow Chinese model to create 4 crore jobs by 2025: Eco Survey
Given that unemployment and lack of jobs remains ...
Given that unemployment and lack of jobs remains one of the big failings of the Government, the Economic Survey 2019-20 has set out a framework using a Chinese model on how India can create four crore well-paid jobs by 2025 and 8 crore jobs by 2030.
The integration of “assemble in India for the world” with the Modi Government’s Make In India initiative can help the country to become a $5 trillion economy by 2025, it suggested. For the record, Make in India remains a programme whose success is yet to be determined. India has unprecedented opportunity to chart labour-intensive export trajectory similar to the one in China, the Economic Survey said. “Exports of network products can provide one-quarter of the increase in value added required for making India a $5 trillion economy,” it added.
The survey also suggested a strategy that was also followed by China to grab the opportunity. From specialisation at large scale in labour-intensive sectors to trade policies, the survey drafted a formula for growth and job creation in the country.