News: CWG to create 2.5 million jobs in coming years

C-Suite

CWG to create 2.5 million jobs in coming years

Apart from achieving accolades for the country, the Commonwealth Games may also be responsible for bringing good news for the economy as well as job seekers. Government sources revealed that Commonwealth Games may add about USD 5 billion to the Indian economy and create about 2.5 million jobs in the coming years. Not only will the event reflect India as a noteworthy participant but also aid in strengthening ties with other countries which are a part of this mega occurrence.

Apart from achieving accolades for the country, the Commonwealth Games may also be responsible for bringing good news for the economy as well as job seekers. Government sources revealed that Commonwealth Games may add about USD 5 billion to the Indian economy and create about 2.5 million jobs in the coming years. Not only will the event reflect India as a noteworthy participant but also aid in strengthening ties with other countries which are a part of this mega occurrence.

With the economy expected to grow by over 10% in the next few decades, countries abroad may seek Indian shores in hope of investment and lucrative business ventures. Sectors which promise opportunities include agriculture, infrastructure, modern technology, manufacturing and services. In the coming years we can also expect growth of the two way trade between India and the Commonwealth nations which is about USD 80 million now.


PM’s Take: The Commonwealth Games provided a global platform for India to showcase its resources and abilities. It’s about time that countries worldwide sit up and take notice of India and view it as a potential business partner.
 

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Topics: C-Suite, #Updates

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