Government Hopes to Create 100 Million New Jobs by 2022
"The Government of India hopes to create 100 million new jobs by 2022 with the help of initiatives such as Make in India. Job placement firms expect that 720,000 new jobs will be created over the next year with a rise of 8% to 13% in the current jobs pool with growth in the sectors of investment, manufacturing and engineering. The Make in India initiative has already led to an increase in hiring within ecommerce and Internet-related sectors. ""Skill development has gained enormous traction with Make in India. The plan to create 100 smart cities is also expected to fuel job growth,"" Rituparna Chakraborty, co-founder of staffing firm, TeamLease Services, said. Make in India, which is a government initiative for companies to manufacture their products in India, aims to transform India into a global hub of manufacturing, whose share in GDP would rise to 25% by 2022. It has identified 25 sectors that would get incentive support and has promised to align policies to boost investments in them."