News: Business looks to Modi to defuse jobs time bomb

Strategic HR

Business looks to Modi to defuse jobs time bomb

When Narendra Modi talks about creating jobs in labour-intensive manufacturing, textile entrepreneur Sudhir Dhingra hopes the opposition leader means business. Dhingra, who employs 30,000 workers in more than 20 factories around the capital New Delhi, says that politicians - for all their promises - have shown no interest in acting to avert a looming employment crisis. "Modi understands how to promote industry. He has a track record," said Dhingra, a tall man who cut a patriarchal figure as he strode the floor of his busy factory. In a recent research report, US investment bank Goldman Sachs estimated that if other states boosted manufacturing employment to levels achieved in Gujarat, India could create 40 million industrial jobs in the next decade.

When Narendra Modi talks about creating jobs in labour-intensive manufacturing, textile entrepreneur Sudhir Dhingra hopes the opposition leader means business. Dhingra, who employs 30,000 workers in more than 20 factories around the capital New Delhi, says that politicians - for all their promises - have shown no interest in acting to avert a looming employment crisis. "Modi understands how to promote industry. He has a track record," said Dhingra, a tall man who cut a patriarchal figure as he strode the floor of his busy factory. In a recent research report, US investment bank Goldman Sachs estimated that if other states boosted manufacturing employment to levels achieved in Gujarat, India could create 40 million industrial jobs in the next decade.

Read the Economic Times news report here.

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Topics: Strategic HR, #Jobs, #National

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