Macro Economy

10 ‘champion’ sectors to create new jobs

Nayanima Basu New Delhi | Updated on January 30, 2018 Published on January 29, 2018

But experts say demand growth and subsequent revival in investments will lead to more hiring


In an effort to boost job generation to double-digit level, the government has identified 10 ‘champion’ sectors that will drive growth under the ‘Make in India’ version 2.0, the Survey said.

Chief Economic Adviser Arvind Subramanian said a lot of employment challenges can be addressed while taking measures to revive the economy and boosting agriculture. He said employment generation, including finding good jobs for the young and burgeoning workforces, especially for women, will be one of the three key areas in the medium-term.

These include capital goods, auto and auto components, defence and aerospace, biotechnology, pharmaceuticals and medical devices, chemicals, electronic system, design and manufacturing (ESDM), leather and footwear, textiles and apparels, food processing, gems and jewellery, new and renewable energy, construction, shipping and railways.

Inclusive employment

In the survey, the government also talked of promoting “inclusive employment” in order to generate jobs for daily wage labourers. Steps have already been taken in sectors such as steel, apparel, leather and power to address specific challenges associated with each of them.


However, according to experts economic growth will come when there is demand and subsequent revival in investments leading to more hiring. Madan Sabnavis, Chief Economist, CARE Ratings said: “Identifying sectors is alright but job prospects clearly depend on how business fares and that depends on demand. Jobs today are facing a setback largely because of demand contraction. Businesses are stagnating today without any significant growth so talking of certain thrust sectors will not help.”

Published on January 29, 2018

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.