Indian economy needs to generate close to 7.85 million jobs annually until 2030 in the non-farm sector, says Economic Survey

While attributing the biggest disruption in the future of work to the accelerated growth in artificial intelligence (AI), the Economic Survey 2023-24 says that India, with its vast demographic dividend and a very young population, is uniquely situated as AI poses both risk and opportunity.

ADB retains India’s growth forecast at 7 percent for fiscal year 2024, calls it region’s fastest growing economy

“India’s industrial sector is projected to grow robustly, driven by manufacturing and strong demand in construction. Agriculture is expected to rebound amid forecasts for an above-normal monsoon, while investment demand remains strong, led by public investment,” ADB said in a statement.

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