16-October-2024
Economy News
 
Export to be major job creator as India transitions to USD 5 trillion economy: USISPF
15-Oct-2024

US-India Strategic Partnership Forum President and CEO Mukesh Aghi on Monday emphasised that exports are going to be a major job creator for India as the country moves towards becoming a USD 5 trillion economy. Aghi, who was speaking at an event organised by the USISPF, also stressed that India and the US should continue to strengthen their economic engagements and increase the bilateral trade to USD 500 billion going forward. He said creating nearly 1.2 million jobs per month is going to be a challenge, highlighting the importance of job creation to ensure there is no social unrest among the youth. "As India's economy goes from 4 to 5 trillion dollars, one of the biggest job creators is going to be exports because we have a challenge and the challenge is how do we create 1.2 million jobs (in India) a month and unless we are able to meet that objective we will start seeing some kind of social unrest among the youth itself...," Aghi said.

News Source:- https://economictimes.indiatimes.com/news/economy/foreign-trade/export-to-be-major-job-creator-as-india-transitions-to-usd-5-trillion-economy-usispf/articleshow/114218062.cms