India should follow China-model to create jobs, suggests Economic Survey

The Economic Survey 2019-20, suggested a way to solve India's jobs crisis by emulating China-like growth model to create employment opportunities. 

 

The survey gives a review about the developments in the economy over the past 12 months and also shows an outlook for the upcoming financial year.

 

"The current environment for international trade presents India an unprecedented opportunity to chart a China-like, labour-intensive, export trajectory and thereby create unparalleled job opportunities for our burgeoning youth", said the Economic Survey prepared by Chief Economic Advisor Krishnamurthy Subramanian." 

 

Launching a new campaign “Assemble in India for the world”, it said that integrating it into Make in India can create 4 crore well-paid new jobs by 2025 and 8 crore by 2030. 

 

The survey further said that the general education improves knowledge of the people while skill training boosts their employability and equips them to tackle requirements of the employee market.


Nearly 2.62 crore jobs were created in rural and urban areas between 2011-12 and 2017-18 among regular wage and salaried workers, revealed the survey. 

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