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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.
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Goldman Sachs informa que India necesita 10 millones de puestos de trabajo anuales para lograr un crecimiento del 6,5% del GVA para 2030.