Goldman Sachs: India Requires 10 Million Jobs Yearly For Sustained Economic Growth

To achieve an average GVA growth of 6.5% from FY25 to FY30, India must create around 10 million new jobs each year, according to a Goldman Sachs report. It emphasizes boosting affordable housing, establishing IT hubs in smaller cities, and shifting incentives towards labor-intensive manufacturing. The report highlights the potential for job creation amid India’s demographic transition.