India needs to create 90 million jobs by 2030 to avoid economic stagnation

India needs to create 90 million jobs by 2030 to avoid economic stagnation

McKinsey Global Institute report says GDP growth needs to at least 8 per cent Sixty million workers are likely to join the job market in the new decade. Chennai: India’s GDP would have to grow by 8 to 8.5 per cent annually and the country would have to create jobs for 90 million workers by 2030. Else, it will risk a decade of economic stagnation, a report by the McKinsey Global Institute warns.

Over the decade to 2030, 60 million new workers are likely to enter the workforce as per current demographic trends, and an additional 30 million workers could […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.