The real estate sector, which creates 1.5 million jobs, has been among the worst hit. "Job growth in every sector is dependent on the other," says R.C. IT and IT-related services too have major clients from the manufacturing sector. "There are growth sectors, sectors with temporary slowdown and sick sectors such as manufacturing" Oberoi adds. Many believe India needs rapid manufacturing growth (and, correspondingly, manufacturing-led growth) fuelled by both export growth and expansion of the domestic market.

Source: India Today October 06, 2017 09:00 UTC