Overview

• India aims to generate 8 million jobs annually for the next 10–12 years to achieve its 2047 development goals, according to Chief Economic Adviser V. Anantha Nageswaran.
• Raising manufacturing's share of GDP and strengthening the SME sector are critical to integrating Indian businesses into global value chains.
• Nageswaran highlighted the challenge of sustaining 8% GDP growth, advocating for stable 6.5–7% growth driven by deregulation and investment efficiency.
• Artificial intelligence and automation pose risks to entry-level jobs, necessitating balanced policies to mitigate labor displacement.
• India must enhance export competitiveness through improved quality, R&D, logistics, and connectivity, while adapting to a less favorable global economic environment.