“India Inc wants less workers, and not more: Devina Mehra is a danger to the young manpower

The industrial sector in India has decreased to its lowest share of GDP since 1967, which has led to urgent concerns about creating job opportunities and economic stability in the long term.

Devina Mehra, Founder of the First Global and Money Book Author, Myths and Mantras: The Ultimate Investment Guide, informing the blatant decline in LinkedIn, citing the World Bank data that shows that the contribution of the gross domestic product for manufacturing may It decreased to only 12.6 % – a number that has not been seen from 1967 to less than 1960 levels.

Between 2008 and 2014, manufacturing is constantly hovering between 17 % and 17.5 %. But two years ago, it decreased to 13.5 % and continued in the descending slide. “If we want our youth to become something other than communicating people, we need to focus here,” Mehra warned.

She pointed to a structural issue in the scene of companies in India: “Most major companies want to reduce employment, not to glorify them,” she pointed to a structural issue in the scene of companies in India. She referred to a long trend for decades, as companies such as Essar Steel and Bajaj Auto celebrated new factories for the requirements of the blue -collars workforce.

Instead, the backbone of employment in India was traditional of small and medium -sized companies – small, small, and small institutions. But these functional engines were flowing. According to the former statistical head, Dr. Brunab Sen, the number of small and medium -sized companies has decreased by 10 million since 2016 – that is, a deficit of 20 million when calculating the expected growth. This collapse directly affected employment, especially in the intensive export sectors in employment.

“The real recruitment generators have come out … over the past few years,” Mehra said.

Tourism, a potential recruitment driver outside manufacturing, is still backward. Despite the extensive natural and cultural origins in India, Mehra notes that the country is struggling to provide a “clean, safe and welcome tourist product at reasonable prices”, leaving much smaller countries in the number of visitors.

With weak manufacturing and tourism, Mehra raises an important question: Where will India’s jobs come from the following?