Indian Govt. approves Capital Goods Policy for new jobs

The Indian government on Wednesday approved the first-ever policy for the country’s best capital sector envisaging the creation of over 21 million new jobs by 2025.

The main goal of the govt. is capital, which can create an environment for a global competition in the capital. Achieve total production in excess of Rs 7.5 lakh crore up to 2025 from the current max production Rs 2.3 lakh crore”.

“Government has given its approval for National Capital Goods Policy. Production grow up to Rs 2,30,000 crore in 2014-15 to Rs 7,50,000 crore in 2025 and According to a spokesperson, jobs increases up to 8.4 million to 30 million in the coming year.

The government policy aims to increase direct huge employment for the current year, 1.4 million to at least 5 million and indirect employment for the current year, 8 million to 26 million by 2025, thus, the Government is providing additional employment to over 20 million people.

It also envisages improve the share of domestic production in India’s economic goods increase demand from 60 per cent to 80 per cent by up to 2025 and in the process increases domestic capacity utilization to 70-90 per cent.
Government improves export goods in the year 30 per cent to 50 per cent of production, the share of domestic production in India’s demand from 70 per cent to 90 per cent.