India must create 8 million jobs annually to become developed by 2047, says chief economic advisor

India aims to become a developed nation by 2047. V Anantha Nageswaran emphasized the need to create eight million jobs annually for the next decade. Focus is on boosting manufacturing's GDP contribution. He addressed challenges like AI and global economic shifts at Columbia India Summit 2025. India needs to integrate into global value chains and strengthen its MSME sector.

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