Prime Minister Narendra Modi on Tuesday said that global CEOs are bullish on India and are looking to step up investment in the country, which will help boost jobs in the private sector.
Speaking at the fifth “Rozgar Mela” (job fair) in New Delhi, Modi said that there is unprecedented positivity for India’s industry and investment at the global level.
“Global CEOs are bullish on India. They are looking to invest in India. This will create more job opportunities in the private sector,” he said.
Modi said that the government has taken a number of steps to make India an attractive destination for investment, including simplifying the regulatory framework, improving infrastructure, and providing tax incentives.
He said that the government is also focused on promoting innovation and entrepreneurship, which will create new jobs.
“We are encouraging innovation and entrepreneurship. We want to create a culture of start-ups in India,” he said.
Modi said that the government’s focus on job creation is paying off. He said that more than 4.5 crore people have got employment in the formal sectors since 2018-19.
“We are committed to creating more jobs for our youth. We will leave no stone unturned to achieve this goal,” he said.
Modi’s statement comes at a time when India is facing a challenge of rising unemployment. According to the Centre for Monitoring Indian Economy (CMIE), the unemployment rate in India rose to 7.83% in April 2023.
However, Modi said that the government is confident of creating more jobs in the coming years. He said that India has the potential to become a $5 trillion economy by 2024.
“We have the potential to become a $5 trillion economy by 2024. This will create millions of new jobs,” he said.
Modi’s statement is likely to boost investor confidence in India. It is also likely to encourage young people to start their own businesses.
The government’s focus on job creation is a welcome step. It is a necessary step to ensure that India’s economic growth is inclusive and sustainable.
Impact:
PM Modi’s statement is likely to have a positive impact on India’s economy. It is likely to boost investor confidence and encourage young people to start their own businesses. This will lead to more job creation and economic growth.
The government’s focus on job creation is a welcome step. It is a necessary step to ensure that India’s economic growth is inclusive and sustainable.
