Live Updates > Live Update Details
2026-07-14 14:44:12
[Morgan Stanley: India Needs 9%-14% Growth to Address Employment Challenges, Suggests Establishing a National Planning Team] (1) Morgan Stanley's Chief Asia Economist, Chetan Ashia, points out that India needs to achieve at least 9%-10% annual GDP growth to absorb new labor force; to further eliminate the accumulated unemployment backlog, the growth rate needs to be as high as 14%. (2) To systematically promote job creation, he suggests establishing a professional team of about 500 people in the Prime Minister's Office to be responsible for developing a national labor strategy, and equipping each state with an implementation team of about 10,000 people to identify high-potential growth industries and build complete supply chains around them to maximize job growth. (3) The government has already launched a similar attempt in the electronics manufacturing industry, but Ashia emphasizes that many emerging industries also need such coordinated planning; although existing work is underway, greater efforts and broader coverage are needed to fully realize the demographic dividend and ensure the achievement of employment targets.
