India's Job Crisis Laid Bare By PLI Data: Govt Investment Must Create Employment
2 years, 1 month ago

India's Job Crisis Laid Bare By PLI Data: Govt Investment Must Create Employment

The Quint  

The willingness or the lack of it, of people to invest, using the incentives provided via public or the taxpayer’s money to businesses, comes off as not a healthy barometer of the Indian economy. Consider just the two sectors being pointed out as showing robust growth—pharmaceuticals as the first, here, while the amount of investment is 107% of the target as per government figures, the employment generation is a woeful 13%. In Electronics, which should have seen better, the investment targets met are just 4.89% of the targets and a meagre 0.39% of the jobs target can be said to have been seen as done. In Speciality Steel, Automobiles and auto components, Drone and drone components and Advance Chemistry Cell Battery sectors, zero percent of targets have been met, i.e., neither have any investments come nor any jobs created.

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History of this topic

India job outlook 2025: How IT, energy, infra, logistics will drive hiring
1 week, 1 day ago

India job outlook 2025: How IT, energy, infra, logistics will drive hiring

India Today  

Employers in India are more optimistic about increased hiring next year compared to their global counterparts. According to the latest ManpowerGroup Employment Outlook report, which surveyed 3,000 employers, 53 per cent plan to hire while 13 per cent anticipate a reduction in staffing levels during Q1 2025. Sonal Arora, country manager of GI Group Holding, stated: “Overall, 2024 was a …

India on track to increase its workforce to 457.62 million by 2028, says a new report by American software company
1 month, 1 week ago

India on track to increase its workforce to 457.62 million by 2028, says a new report by American software company

Hindustan Times  

India is on track to increase its workforce from 423.73 million in 2023 to 457.62 million by 2028, reflecting a net gain of 33.89 million workers, a report said on Wednesday. According to a report by American software company ServiceNow, emerging technology will transform talent across India's key growth sectors, generating 2.73 million new tech jobs by 2028. "AI will …

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue
1 month, 1 week ago

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue

Firstpost  

Apple’s production increase hinges on the policies of US President Donald Trump, who has repeatedly expressed his intent to impose steep tariffs, between 60-100 per cent, on goods imported from China If Apple implements these plans, India’s share of global iPhone production could rise to over 26 per cent, a substantial jump from the current 12-14 per cent. The Economic …

India's Mobile Manufacturing Boom: A Global Powerhouse Emerging
Trending News
1 month, 3 weeks ago

India's Mobile Manufacturing Boom: A Global Powerhouse Emerging

Firstpost  

India's mobile manufacturing industry is gaining global attention, thanks to the Make in India initiative. Big companies like Samsung and Apple are setting up large factories in the country, making India the world's second-largest exporter of mobile phones. With Samsung's mega factory in Noida and Apple moving some iPhone production to Tamil Nadu, India is becoming a key player in …

Job Creation Seems Better Than Before but What About Quality and Sustainability?
4 months, 2 weeks ago

Job Creation Seems Better Than Before but What About Quality and Sustainability?

The Quint  

India's job market landscape presents a complex narrative, characterised by both positive indicators and underlying anxieties. The Reserve Bank of India recently published 'Measuring Productivity at the Industry Level-The India KLEMS Database,' providing data on employment trends across 27 key industries in India. The database, spanning FY 1980-81 to 2022-23 aims to provide critical data points on economic output, worker …

Centre questions Citigroup’s report on employment in India
5 months, 2 weeks ago

Centre questions Citigroup’s report on employment in India

The Hindu  

The Union Labour Ministry questioned the findings of a report prepared by the United States-based banking giant Citigroup and said the group failed to account for the “comprehensive and positive employment data” available from official sources such as the Periodic Labour Force Survey and the Reserve Bank of India’s capital, labour, energy, material and services data. The Citigroup’s report had …

Labour ministry rebuts Citigroup's research report on employment in India
5 months, 2 weeks ago

Labour ministry rebuts Citigroup's research report on employment in India

New Indian Express  

NEW DELHI: The labour ministry on Monday rebutted a recent report by Citigroup which forecast that India will struggle to create sufficient employment opportunities even with a 7 per cent growth rate. The ministry in a statement said the report "fails to account for the comprehensive and positive employment data available from official sources such as Periodic Labour Force Survey …

Unparalleled success story unfolds in mobile phone manufacturing in India
9 months, 1 week ago

Unparalleled success story unfolds in mobile phone manufacturing in India

India TV News  

The growth of mobile phone production in India over a decade is being described as an unmatched success story in the manufacturing sector. According to the industry body, India Cellular & Electronics Association, mobile phone production, in value terms has surged from Rs 18,900 crore in 2014-15 to an estimated Rs 4.10 lakh crore in FY24, registering over 20 fold …

India Nears Rs 20 Lakh Crore Mobile Production Target: All You Need To Know
9 months, 2 weeks ago

India Nears Rs 20 Lakh Crore Mobile Production Target: All You Need To Know

News 18  

India is close to achieving the target of Rs 20 lakh crore worth mobile phone production in the last 10 years, while crossing Rs 1.20 lakh crore worth phone exports in the current fiscal year — a whopping 7,500 per cent increase in exports over a decade — top electronics industry body India Cellular and Electronics Association said on Thursday. …

Every big chip player to re-work investment plan for India: Minister Vaishnaw
9 months, 2 weeks ago

Every big chip player to re-work investment plan for India: Minister Vaishnaw

The Hindu  

India has set its sights on becoming a formidable force in global semiconductor equation, rivalling known destinations like Taiwan and South Korea in next 5 years, Union Minister Ashwini Vaishnaw has said asserting that if and when mindset of global players has changed to an eagerness to invest in the country. This means, practically every big player would now like …

Govt boosted employment in traditional as well as emerging sectors: PM Modi
1 year, 1 month ago

Govt boosted employment in traditional as well as emerging sectors: PM Modi

The Hindu  

Prime Minister Narendra Modi asserted on Saturday that his government has boosted employment opportunities in traditional as well as emerging sectors like renewable energy, defence exports and automation. “Today, India is equipping its youths with skills and education to harness emerging opportunities.” "India's trajectory and the pace of its progress are generating new employment prospects across all sectors," he said. …

India emerges as second-largest global hub for mobile phone manufacturing
1 year, 2 months ago

India emerges as second-largest global hub for mobile phone manufacturing

India TV News  

India has risen to become the world's second-largest manufacturing hub for mobile phones, largely attributed to significant investments from original equipment manufacturers, original design manufacturers, and companies specializing in mobile components and parts, according to a recent report. This development is a significant boost to India's "Make in India" initiative, with recent data from government and industry sources revealing mobile …

Mobile manufacturing exceeds 2 billion units through 'Make in India' initiative: Report
1 year, 4 months ago

Mobile manufacturing exceeds 2 billion units through 'Make in India' initiative: Report

India TV News  

'Make in India' mobile phone shipments crossed the 2-billion cumulative units mark during 2014-2022, registering a 23 per cent Compound annual growth rate, the latest research showed on Monday. "Local value addition in India currently stands at an average of more than 15 per cent, compared to the low single digits eight years ago," he informed. "Going forward, we may …

From mobile phones to chips, India manufacturing enters golden era
1 year, 6 months ago

From mobile phones to chips, India manufacturing enters golden era

India TV News  

In 2018, South Korean giant Samsung inaugurated the world's largest mobile factory in India. The 35-acre facility at Sector 81 in Noida, Uttar Pradesh, saw Prime Minister Narendra Modi and South Korean President Moon Jae-in officially inaugurating it together -- placing the country firmly on the global manufacturing map. Vedanta and Foxconn signed a Memorandum of Understanding with the Gujarat …

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth
1 year, 10 months ago

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth

Firstpost  

It would also be very helpful to the sector if the government provides incentives for the domestic design and manufacture of electronics Around 62 per cent of industry leaders were optimistic about India’s growth prospects in 2023, according to a recent survey by Deloitte. Outlook for electronics sector In recent years, there has been a lot of discussion around India …

Indian manufacturing sector and the great transformation under Narendra Modi
2 years ago

Indian manufacturing sector and the great transformation under Narendra Modi

Firstpost  

With the vision of transforming India into a manufacturing hub, our government under the leadership of Prime Minister Narendra Modi took concrete steps towards improving various business parameters In 2014, when Prime Minister Narendra Modi took the reins of our nation, India had been tagged as one of the so-called “Fragile Five” nations alongside Indonesia, Brazil, Turkey, and South Africa, …

India’s GDP can grow to $40 trillion if working-age population gets employment: CII report
2 years, 8 months ago

India’s GDP can grow to $40 trillion if working-age population gets employment: CII report

The Hindu  

India’s Gross Domestic Product can grow from the current $3 trillion to $9 trillion by 2030, and $40 trillion by 2047, if the country’s working-age population — which is expected to increase by over 100 million people between 2020-30, is productively employed, according to a report by the Confederation of Indian Industry. ‘Golden period’ “The golden period of 30 years …

Govt Plans Booster Shot for Medical Devices Sector to Make India One of Top 5 Global Manufacturing Hubs
2 years, 9 months ago

Govt Plans Booster Shot for Medical Devices Sector to Make India One of Top 5 Global Manufacturing Hubs

News 18  

The Narendra Modi government plans a big boost for India’s medical devices sector, making its first move by releasing a draft policy exclusively for the industry, which until now has been kept under the policy to regulate pharmaceuticals. According to the approach paper on draft National Medical Devices Policy 2022, released by the department of pharmaceuticals that comes under the …

Making of India's drone economy
2 years, 10 months ago

Making of India's drone economy

Business Standard  

BotLab Dynamics -- a start-up incubated at IIT Delhi -- put up a 10-minute drone show on January 29 during the culmination of Republic Day celebrations. The government expects the drone manufacturing industry to invest over Rs 5,000 crore over the next three years and generate 10,000 direct jobs. By FY24, it estimates the turnover of the drone manufacturing industry …

Explained: Why India's economy needs a manufacturing push
3 years, 3 months ago

Explained: Why India's economy needs a manufacturing push

India Today  

India’s economy needs a strong manufacturing push as the nation’s dominant services sector struggles to return to normalcy after two deadly waves of the Covid-19 pandemic. Read | Covid-19: India’s services activity in May contracts for 1st time in 8 months SLOW PROGRESS IN MANUFACTURING Even before the pandemic brought the economy to a standstill in 2020, growth in India’s …

Pushing India to surpass China in mobile manufacturing: Ravi Shankar Prasad
4 years ago

Pushing India to surpass China in mobile manufacturing: Ravi Shankar Prasad

The Hindu  

India is now aiming to surpass China in mobile manufacturing with the production-linked incentive scheme attracting global majors, Telecom and IT Minister Ravi Shankar Prasad said on December 14. The National Policy on Electronics 2019 envisages electronic manufacturing turnover of more than ₹26 lakh crore by 2025, out of which ₹13 lakh crore is expected to come from the mobile …

Atmanirbhar Bharat: Govt clears 10 companies for mobile phone PLI scheme
4 years, 2 months ago

Atmanirbhar Bharat: Govt clears 10 companies for mobile phone PLI scheme

Live Mint  

The India government today approved ten mobile manufacturing companies for its Production Linked Incentive Scheme scheme to boost large-scale electronics manufacturing in the country as a part of the its Atmanirbhar Bharat initiative. During the approval, Ravi Shankar Prasad, Union Minister for Electronics & IT, Communications, Law and Justice said that PLI scheme has been huge success in terms of …

Reality check: How coronavirus crushed dreams of millions in rural India
4 years, 4 months ago

Reality check: How coronavirus crushed dreams of millions in rural India

India Today  

Until late March, Ashish Kumar was helping to make plastic boxes for Ferrero Rocher praline chocolates and the plastic spoons tucked inside Kinder Joy eggs to scoop out the milky sweet cream inside. Kumar is one of around 131,000 people who local officials estimate returned from working around India to Gonda, the district in the northern state of Uttar Pradesh …

In likely loss for China, 24 companies plan to set up mobile phone factories in India
4 years, 4 months ago

In likely loss for China, 24 companies plan to set up mobile phone factories in India

Live Mint  

India’s latest set of incentives to entice businesses moving away from China seem to be working, with companies from Samsung Electronics Co. to Apple Inc.’s assembly partners showing interest to invest in the South Asian nation. Prime Minister Narendra Modi’s government in March announced incentives that make niche firms -- electronics manufacturers -- eligible for a payment of 4%-6% of …

Apple's vendors, Samsung, others to boost India's phone manufacturing scheme, says Govt: Highlights
4 years, 4 months ago

Apple's vendors, Samsung, others to boost India's phone manufacturing scheme, says Govt: Highlights

Live Mint  

Twenty-two mobile phone companies and electronic components manufacturers have applied for large-scale electronics manufacturing rights in India under ₹11 lakh-crore scheme over the next five years, announced by the government today. Prasad said these proposals under the government’s ₹41,000-crore production-linked incentive scheme for mobile phone manufacturing are expected to create around 12 lakh jobs, 3 lakh direct and 9 lakh …

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