Goldman Sachs reports India needs 10 million annual jobs to achieve 6.5% GVA growth by 2030.

A Goldman Sachs report indicates that India must create about 10 million jobs annually from FY25 to FY30 to achieve a 6.5% growth in Gross Value Added (GVA). To support this, it recommends promoting affordable housing, developing IT hubs in smaller cities, and focusing fiscal incentives on labor-intensive sectors like textiles and food processing. The report highlights a rise in the Labor Force Participation Rate from 50% to 60%, largely due to increased female participation in rural areas.

November 02, 2024
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