Posted 3/23/2024, 8:00:51 PM
Manufacturing Not the Key Job Creator for India as Agriculture and Services Dominate Employment
- Traditional wisdom Employment problems stem from manufacturing sector not delivering enough jobs
- Manufacturing job share rose in India, but is still below China's 19.5% share
- Global manufacturing employment share has declined, due to automation and technology
- In India, agriculture, construction, trade/maintenance account for 65% of jobs
- These sectors' shares are declining globally over time
