The government’s initiation to boost jobs creation will boost manufacturing and jobs creation. Make in India creates jobs in the ESDM (electronics system design and manufacturing) sector to create 28 million jobs, contributing 12 per cent to the GDP. The deployment of next generation machine tools will definitely make the sector being globally competitive. The government is emphasizing its role as a facilitator for MUDRA an approving concern to avail credit guarantee loans, set up their own facility and in-turn increase employment locally. The government’s initiation to create skilled manpower at ground level through training programmes will give more focus to make in India. Other initiations such as collaborations with local and global manufacturing companies will defiantly an additional value to be a major manufacturing hub.
Industry experts predict that there will be boost in employment scenario across the sectors. The year 2015 saw positive response to the initiative and growth in hiring activities across the sectors. It was estimated that there will be another 7-8 lakh temporary jobs to be created. The other estimation is that 10-12% rise in jobs creation across the sectors by this year end. As many professionals looking for job search in the mentioned areas.
As many companies are investing in manufacturing and related sectors to make India as a job hub. It was also estimated that India’s traditional occupations would also create 10 million jobs a year. The government has identified 25 key sectors as key drivers in foreign investment, which will demand more workforce’s in coming days. It was estimated that there will be huge requirement for skilled and semiskilled entry level jobs. There will be a rise in young manpower from the current 153 million to 158 million by 2025. The other skills in demand are design and engineering, project planning, execution, erection, commissioning, operations and maintenance, transmission and distribution, trading and regulatory, renewable energy and manufacturing. Training courses are available to up skill professionals and upgrade their knowledge.