Make in India is even bigger than imagined! It can create over 10 million jobs

With investments in manufacturing, engineering and other sectors set to rise under ‘Make in India’, it is also going to throttle employment scenario in the country.

Experts say that Prime Minister Narendra Modi’s ‘Make in India’ initiative will create at least 80 million new jobs till 2022.

"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 TeamLease Services, told ET.

Also, if traditional works are rekindled as per the plan, it will create at least 10 million jobs a year.

"There are encouraging signs that Make in India is positively impacting generation of jobs. Make in India has the potential to emerge as a force multiplier to provide the emerging workforce with new livelihood opportunities,” Chandrajit Banerjee, director general, CII, told ET.

PM Modi wants to transform India into world’s manufacturing hub and under his pet Make in India campaign, 25 sectors have been identified that will boost investments and employment.

It is evident that India has no dearth of talent but still the pool remains untapped due to a fragmented marketplace.

“The Indian job market has witnessed a substantial upswing in the demand for new work profiles, especially in sectors such as solar energy generation and construction (green buildings, smart homes)," Rachna Mukherjee, chief HR officer, Schneider Electric India, told ET.

(Image: Reuters)