For the 70-80 million youth who will enter the labour market in the next ten years,
the creation of a large number of industrial jobs is important. For this, the stagnation
in the sector over the last two years has to be reversed. But even if a high rate
of growth of manufacturing does add to a large number of jobs, this may not fully
meet the aspirations of the youth, since a substantial part of the industrial jobs may
turn out to be rather low paying with limited or no benefits. There is econometric
evidence to show that labour markets reforms will help in boosting the growth rate
in manufacturing employment as well as lower the tendency towards casualisation.