💨 Abstract

The Goldman Sachs report indicates higher employment growth in India's capital-intensive sectors such as chemicals, machinery, and electronics compared to labor-intensive sectors like textiles and food processing. The government's focus on promoting these capital-intensive industries has resulted in impressive export growth, particularly to developed markets. However, labor-intensive sectors still account for a majority of jobs in India. The IT industry has also significantly contributed to employment growth, with around 1.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖