New Delhi (Agency): Prime Minister Narendra Modi announced on Monday that the Indian economy is on a fast track to growth, creating many job opportunities for young people. He made this statement at a Rozgar Mela, a job fair, where he gave more than 51,000 appointment letters, mostly for positions in the security forces.
Modi pointed out that the automobile, pharmaceutical, tourism, and food processing industries are set to grow rapidly. He highlighted that the tourism sector alone could bring Rs 20 lakh crore into the economy by 2030 and might create 13-14 crore new jobs. “Every sector has to develop. From food to pharmaceuticals, from space to startups. When every sector will progress, the economy will grow,” Modi said.
Discussing the pharmaceutical industry, the Prime Minister said that it is currently worth Rs 4 lakh crore and is expected to expand to Rs 10 lakh crore by 2030. “What does it mean? It means that in this decade, the pharma industry will need a lot of youth. There will be opportunities for employment,” he explained.
The automobile industry is also on the rise, according to Modi. He stated that the sector would need more young people to fuel its growth, promising “immense employment opportunities.”
Furthermore, Modi mentioned that good governance in Uttar Pradesh has led to the establishment of the rule of law, which in turn has attracted many investments. “In an atmosphere of security, the establishment of the rule of the law speeds up development, instills confidence in the people and brings in investments,” he said. He also warned that states with increasing crime rates would likely see fewer investments and less job growth.
The Prime Minister’s statements come as a signal of optimism for India’s youth, who are often concerned about job opportunities in a competitive market. His focus on key sectors like automobile, pharmaceuticals, and tourism suggests a strategic direction for the nation’s economic policies. This expected growth in various sectors not only aims to strengthen the Indian economy but also to create jobs and provide stability for the country’s burgeoning youth population.