Employment generation is real bottom line for India Inc

Private sector Indian companies should pick up the job creation baton from the government and invest in new manufacturing capacities so that the country can 'complete its journey to Viksit Bharat by 2047', the Economic Survey said.

- DEV CHATTERJEE

While admitting that Indian companies' investments have gone up post Covid in financial year 2023-24, the Survey emphasised that employment generation is the real bottom line for the private sector.

"It is worth reiterating that job creation happens mainly in the private sector. Second, many (not all) of the issues that influence economic growth, job creation and productivity and the actions to be taken are in the domain of state governments. So, in other words, India needs a tripartite compact, more than ever before, to deliver on the higher and rising aspirations of Indians and complete the journey to Viksit Bharat by 2047," the Survey said.