Mandaviya outlines five-pronged strategy to help India become a Viksit Bharat in 2047
Labour and employment minister
Mansukh Mandaviya
outlined a five-pronged strategy that includes a citizen-centric growth model, an enabling environment for inclusive and sustainable development, leveraging India's
demographic dividend
, skilling India's youth and nurturing a culture of innovation, responsibility, and national pride, to help transform India into a developed nation by 2047.
Speaking at the Confederation of Indian Industry's (CII) Annual Business Summit 2025 on Friday, Mandaviya called for a collaborative approach between government, industry and academia to impart skills training to India's youth to cater to the global demand for a skilled workforce.
'Cluster-based industrial training institutes (ITIs) are being developed, where industry-relevant skills will be taught to trainees under the hub and spoke model' Mandaviya said.
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According to Mandiaviya, the 6-7% economic growth witnessed in India leads to wealth creation, increased purchasing power, job creation, and enhanced productivity.
India is one of the world's best investment destinations because of its large democracy, transparent judiciary, rising purchasing power, large market and skilled workforce, said.
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'Government's vision is grounded in India's demographic strength and cultural legacy. It is committed to leverage the nation's demographic advantage, as 65% of India's population is below the age of 35,' he said.
'This young population holds immense potential to drive growth across all sectors of the economy, towards which a focused effort is required to channelise this energy effectively,' he added.
Mandaviya reiterated the Prime Minister's Internship Scheme (PMIS) will create job opportunities for 10 million youth in 'downstream companies' in the next five years.
Citing the Reserve Bank of India data, Mandaviya said 170 million employment opportunities were created across India in a decade compared to 45 million in the decade earlier.
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