87.37 million new jobs by 2015: study

KOCHI: A study undertaken by the Associated Chambers of Commerce and Industry of India (Assocham) has projected 87.37 million new jobs by 2015, of which a significant share of 32 per cent will be of the manufacturing sector followed by trade and construction.

The study on emerging future jobs says the trade sector is expected to generate 24.24 million new jobs and construction, 15.13 million.

The report says that agriculture, which accounts for a major share in total employment now, is likely to be a minor contributor to new employment. Financial services will almost double its employment size, though it still has a small share (3.4 per cent) in total employment.

Within the manufacturing sector, textile products, food products, beverages, transport equipment, metal products, leather products and machinery are expected to contribute the major part of increase in employment, the report says. Employment in information technology (IT) and IT-enabled-services sectors is expected to grow fast from 1.62 million in 2007 to 3.28 million by 2015.