India is about to create more than 1,500 jobs by 2021, and to hire almost 200,000 new workers, the government said Tuesday.
The country is now home to more than 9 million people, with more than one in five of them under the age of 25.
The government said it expects to create an additional 1,100 jobs over the next 12 months.
India is a major global manufacturing hub, and it has been in a slow-down since it began exporting products from a third of its output to the United States and other countries.
India’s economy has been on a steady decline, which has resulted in a number of exporters leaving the country.
“As we enter a critical period in the Indian economy, we are investing in the country’s manufacturing and the manufacturing sector will see rapid growth,” said Narendra Modi, the prime minister, at a news conference.
Modi also said the government will start a national procurement drive to attract more investment.
The government plans to invest $3 billion in the manufacturing industry by 2022, the Economic Times newspaper reported.
There will be a total of about 2.5 million workers in the textile and apparel industry by 2021.
To meet the growing demand, the country has embarked on a national manufacturing strategy, aiming to boost production capacity by 5 percent a year, the Times reported.