Live
- PM Modi highlights govt's efforts to make Odisha prosperous and one of the fastest-growing states
- Hezbollah fires 200 rockets at northern, central Israel, injuring eight
- Allu Arjun's Family Appearance on Unstoppable with NBK Breaks Viewership Records
- Unity of hearts & minds essential for peace & progress, says J&K Lt Governor
- IPL 2025 Auction: I deserve Rs 18 cr price, says Chahal on being acquired by Punjab Kings
- EAM Jaishankar inaugurates new premises of Indian embassy in Rome
- Sailing vessel INSV Tarini embarks on second leg of expedition to New Zealand
- Over 15,000 people affected by rain-related disasters in Sri Lanka
- IPL 2025 Auction: RCB acquire Hazlewood for Rs 12.50 cr; Gujarat Titans bag Prasidh Krishna at Rs 9.5 crore
- Maharashtra result reflects the outcome of Congress' destructive politics: BJP's Shazia Ilmi
MSMEs must create 5 crore jobs: Gadkari
Union Minister Nitin Gadkari said on Friday that unemployment is a major challenge and MSMEs must create five crore jobs in five years to address the issue as India aims to become a $5-trillion economy.
New Delhi: Union Minister Nitin Gadkari said on Friday that unemployment is a major challenge and MSMEs must create five crore jobs in five years to address the issue as India aims to become a $5-trillion economy.
Currently, micro, small and medium enterprises (MSMEs) contribute 29 per cent to the country's gross domestic product (GDP) and have created 11 crore jobs in recent years.
Stating that Prime Minister Narendra Modi has set a target of India becoming a $5-trillion economy, the Union transport and MSME minister said MSMEs will have to raise their contribution to GDP to 50 per cent and also create five crore more jobs in the next five years to achieve this objective.
"Unemployment is the biggest challenge facing us. Eleven crore jobs have been created and you (MSMEs) have to generate 5 crore more jobs in the country in five years," he said at the 6th India International MSME Expo here.
