The Indian government approved a long-debated manufacturing policy on October 25. The intent of the policy is to boost the country’s manufacturing capability; to increase the share of manufacturing from the current level of around 16% of GDP to 25% by 2022; and to create 100 million new jobs in special manufacturing hubs. This could be critical for India as an expected 130 million Indians will be joining the workforce, many of whom may not be qualified to participate in India’s growing software industry.
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