India to Create 8 Million Jobs a Year over Next Ten Years: Economic Adviser

India has to generate 8 million jobs annually over the next 10-12 years to realize its vision of becoming a developed nation by 2047, Chief Economic Advisor V. Anantha Nageswaran said while addressing the Columbia India Summit 2025. The dangers of artificial intelligence, automation, and shifting global economic trends were also emphasized by Nageswaran.

 

Key Highlights:

 

✅ Growth of Manufacturing: India needs to raise the proportion of manufacturing in GDP, particularly since China leads global production.

✅ Challenges of AI & Automation: The risk of entry-level jobs being uprooted by artificial intelligence and robotics necessitates policy realignment to accommodate labour-oriented employment.

✅ Global Trade & Investment: India needs to increase rates of investment or optimize yields from current investments, considering geopolitical tensions on capital flows.

✅ Export Competitiveness: R&D, logistics, and last-mile connectivity need to be enhanced by the country to accelerate international trade.

✅ Viksit Bharat 2047 Vision: India's economic agenda comprises businesses being integrated into global value chains and a strong MSME sector.

 

Through strategic reform and policy changes, India hopes to steer through international economic challenges while providing long-term jobs.

 

Source: The Hindu, MSN, Moneycontrol