Published By : Admin |
October 1, 2024 | 20:11 IST
Share
Union Finance Minister Nirmala Sitharaman hailed the recently reported remarkable surge in manufacturing jobs and wages for workers in FY-23. As per a government survey, manufacturing jobs have risen by 7.6% and wages saw a 5.5% boost in FY-23.
“Under the leadership of Prime Minister Narendra Modi, India’s manufacturing sector has not only rebounded but is now thriving,” she said.
The nationwide employment in the manufacturing sector has seen an impressive rise from 1.6 crore workers in 2018-19 to 1.9 crore in 2022-23. A higher concentration of employment in factories was also observed, as the number of workers per factory also increased from 65 in 2018-19 to 71 in 2022-23. The data shows that wages per worker in the manufacturing sector have jumped by 5.5%, with workers now earning an average of ₹2.05 lakh annually (wages per worker has seen a rise from Rs. 1.69 lakh in 2018-19 to Rs. 2.05 lakh in 2022-23.)
Gross Value Added (GVA) in manufacturing, that is the economic value generated, has risen by over 21% from 2021-22 to 2022-23. GVA, a key marker of economic activity, clearly indicates that India's manufacturing engine is roaring.
“The surge in GVA by over 21% is a clear indication that India’s manufacturing sector is firing on all cylinders,” said Sitharaman.
BJP-ruled states have become the powerhouses of India’s manufacturing revolution, driving massive growth in both output and employment. At the forefront of this success are Gujarat, Uttar Pradesh, and Maharashtra.
Gujarat, known for its entrepreneurial spirit, is at the top with 17.7% of the total output, while Maharashtra the industrial heartland of India follows closely with 14.6% share of total output. Uttar Pradesh, India’s most populous state, contributed 7.1% to the national manufacturing output.
In terms of employment, Maharashtra has performed exceptionally well, with 12.8% of the total no. people employed. Gujarat follows next with 12.6% of all no. of people employed, while Uttar Pradesh, India’s most populous state, contributed to 8.1% of the manufacturing jobs (in 2022-23).
In terms of the number of factories in operation, these three BJP-ruled states have secured top spots with Gujarat contributing 12.2% at 2nd rank, Maharashtra 10.4% at 3rd rank and Uttar Pradesh 7.5% ranking 4th. NDA ally state Andhra Pradesh ranks 5th with 6.5% of factories.
These three BJP-ruled states—Gujarat, Maharashtra, and Uttar Pradesh, in combination with Tamil Nadu and Karnataka, have emerged as the backbone of India’s manufacturing sector, together accounting for more than 50% of India’s total manufacturing jobs.
“More jobs mean more food on the table and more wages mean better quality of life for lakhs of Indian families. Under PM Modi’s leadership, the manufacturing sector has emerged as a job-creation powerhouse,” Minister Nirmal Sitharaman said as she credited several key initiatives of the Modi government for this remarkable turnaround.
Modi government’s Production-Linked Incentive (PLI) Scheme has provided strong incentives for manufacturing industries across sectors like electronics and textiles, leading to the creation of lakhs of new jobs. Alongside this, the Make in India initiative, which recently completed 10 years, has revitalized the country’s manufacturing sector by driving a surge in domestic production and attracting foreign investment. The Aatmanirbhar Bharat push by PM Modi, a push for self-reliance, has also significantly boosted manufacturing. In parallel, the Labour Law Reforms introduced under the Modi government have made it easier for businesses to hire workers while simultaneously ensuring the protection of employee rights and improving working conditions. These reforms, coupled with India’s significant leap in Ease of Doing Business rankings, have made the country an attractive destination for both domestic and foreign investors, spurring industrial growth and large-scale job creation across the nation.
PM Modi's Global Diplomacy: Strengthening India's Partnerships Across Continents
December 31, 2024
Share
In recent years, PM Modi has significantly strengthened India's global partnerships through a series of impactful bilateral visits across continents. These visits have been crucial in advancing India’s foreign policy, enhancing strategic cooperation, and promoting economic, cultural, and diplomatic ties with key nations worldwide. From the Gulf to Europe, Southeast Asia, and Africa, PM Modi’s diplomatic outreach is a symbol to India’s growing global presence under his leadership.
United Arab Emirates: Strengthening Ties with the Gulf
PM Modi’s visit to the UAE marked his 7th trip in nine years, reflecting the deepening relationship between India and the Gulf nation. During the visit, PM Modi addressed the Indian diaspora at the AHLAN MODI event, a vibrant celebration of the strong cultural and historical ties between the two nations.
PM Modi at the AHLAN MODI Event in the UAE
The visit also marked a milestone with the inauguration of the first Hindu temple in the UAE — the BAPS Swaminarayan Temple in Abu Dhabi. This temple is a symbol of India’s cultural diplomacy and the growing acceptance of India’s diversity in the Gulf region. The visit reinforced the UAE’s role as a key partner in India’s energy and economic growth, as well as the growing importance of the Indian expatriate community.
Qatar: Renewed Bilateral Cooperation
PM Modi’s visit to Qatar infused “new vigour” into the already robust bilateral ties between India and the Gulf nation. This visit was particularly significant, as Qatar released eight former Indian Navy personnel who had been detained on charges of espionage, a gesture that reflected Qatar's commitment to strengthening ties with India. The visit helped bolster economic cooperation, particularly in sectors like energy, trade, and infrastructure.
PM Modi in Qatar with his counterparts
Additionally, Qatar's investment in India's growing economy was emphasized, opening avenues for enhanced collaboration in the future.
Bhutan: Strengthening Regional Partnerships
A significant aspect of PM Modi’s visit to Bhutan was the inauguration of a state-of-the-art hospital in Thimphu, constructed with Indian assistance.
PM Modi at the inauguration of a state-of-the-art hospital in Thimphu
This move symbolized India’s continued support for Bhutan’s development, enhancing bilateral ties and ensuring India’s strategic influence in the region. Bhutan is an important partner in India's “Neighbourhood First” policy, and this visit further cemented the shared values of peace, stability, and progress between the two nations.
Austria: A Historic Milestone
PM Modi’s visit to Austria in 2024 was groundbreaking, as it marked the first trip by an Indian PM to the country in 41 years. This visit coincided with the 75th anniversary of diplomatic relations between India and Austria. The visit focused on strengthening trade, technology, and cultural ties. Austria’s expertise in renewable energy, engineering, and research was highlighted as a potential area for collaboration.
PM Modi interacted with CEOs in Austria
The visit underscored India’s growing importance in European diplomatic circles and Austria’s role as a partner in India’s development trajectory.
Russia: Reaffirming Strategic Partnerships
In his visit to Russia for the 22nd India-Russia Annual Summit, PM Modi and President Vladimir Putin reaffirmed the longstanding strategic partnership between the two nations.
PM Modi in Russia for the 16th BRICS Summit
The summit emphasized mutual cooperation in defence, energy, and technology. Russia’s support for India’s defence requirements, including the supply of critical military equipment, continued to be a cornerstone of the bilateral relationship. Moreover, both nations agreed to further enhance energy cooperation, particularly in the oil and natural gas sectors, which are crucial for India’s energy security.
Poland: Strengthening Diplomatic Ties
PM Modi’s visit to Poland in 2024 was historic, marking the first trip by an Indian PM in 45 years. The visit coincided with the 70th anniversary of diplomatic relations between the two countries. During the visit, both India and Poland elevated their relationship to a strategic partnership.
PM Modi Honoured the Fallen Heroes in Poland
Discussions centred around defence cooperation, scientific collaboration, and greater engagement in trade and investment. Poland’s support for India’s entry into global institutions such as the UN Security Council was also a significant aspect of the visit.
Ukraine: Diplomatic Engagement Amid Conflict
PM Modi’s visit to Ukraine was particularly noteworthy, coming at a time when military actions had been suspended by both warring sides. The visit demonstrated India’s commitment to global peace and its willingness to offer humanitarian and technological assistance for post-war reconstruction.
PM Modi delivered humanitarian aid to Ukrainian President
The PM assured Ukraine of India’s support in rebuilding its war-torn infrastructure, reflecting India’s role as a peace-broker in global conflicts. The visit also highlighted India’s position on non-interference and peaceful resolution of disputes.
Brunei: A Milestone in India’s 'Act East' Policy
PM Modi’s visit to Brunei marked the first-ever bilateral visit by an Indian Prime Minister to the Southeast Asian nation. The visit coincided with the 40th anniversary of diplomatic ties between India and Brunei. Brunei is a key partner in India’s “Act East” policy, particularly in the Indo-Pacific region.
PM Modi’s visit to Brunei was the first bilateral visit by an Indian PM
The visit focused on enhancing cooperation in trade, energy, and maritime security. Brunei’s strategic location and its importance in regional security made this visit a crucial step in strengthening India’s relationships with Southeast Asian nations.
Singapore: Strengthening Strategic Partnership
PM Modi’s visit to Singapore emphasized the strengthening of India’s strategic partnership with the island nation, particularly in advanced manufacturing, digitalization, and sustainable development. The visit facilitated the growth of synergies between the semiconductor ecosystems of India and Singapore. Both nations explored opportunities to collaborate in research, innovation, and green technologies, which are essential for India’s future economic growth.
PM Modi at the Roundtable with Business Leaders in Singapore
Singapore’s role as a financial hub and a gateway to Southeast Asia made this visit critical for India’s long-term economic ambitions.
Guyana: Reaching Out to the Indian Diaspora
PM Modi’s visit to Guyana was historic as it marked the first visit by an Indian Prime Minister in over 50 years. The visit was significant for its emphasis on strengthening ties with the Indian diaspora, which has had a deep historical connection with Guyana for over 185 years. During the visit, PM Modi held discussions on giving strategic direction to the India-Guyana relationship, focusing on trade, technology, and infrastructure development.
PM Modi at the 2nd Caricom- India Summit in Guyana
The Prime Minister paid homage to the contributions of the Indian diaspora, underscoring their role in bridging cultural and economic ties between India and Guyana.
Nigeria: Strengthening African Partnerships
PM Modi’s visit to Nigeria in November 2024 was the first by an Indian PM to the West African nation in decades. The visit marked a significant step in strengthening India’s partnership with Nigeria, which is one of the most populous and influential countries in Africa. The visit focused on strategic cooperation, particularly in energy, trade, and security. India and Nigeria agreed to work closely on areas like healthcare, education, and infrastructure development. The visit also underscored the importance of democratic values and pluralism, shared by both nations.
PM Modi interacted with the Indian Diaspora in Nigeria
Kuwait: Enhancing Economic and Cultural Cooperation
PM Modi’s visit to Kuwait was especially significant as it was the first visit by an Indian Prime Minister to the Gulf nation in 43 years. The visit focused on enhancing economic relations and cultural exchanges. Kuwait, with its strategic location in the Gulf, plays a pivotal role in India’s energy security and economic interests.
PM Modi at the Hala Modi Event in Kuwait
The visit aimed at bolstering collaboration in trade, energy, and investment, reinforcing the historical ties between the two nations. It was also an opportunity to connect with the large Indian diaspora in Kuwait, a key contributor to both the Gulf nation’s economy and the bilateral relationship.
A Global Leader in Diplomacy and Strategic Partnerships
PM Modi’s series of impactful bilateral visits across continents has significantly elevated India’s diplomatic standing and global influence. His efforts have not only strengthened traditional alliances but also fostered new strategic partnerships, positioning India as a key player in global affairs. Through his leadership, India has championed multilateral cooperation, sustainable development, and peaceful conflict resolution, ensuring its active participation in shaping the future of the world. These diplomatic engagements reflect India’s growing prominence on the global stage, laying the foundation for a prosperous and interconnected future.
