India says it will cut 1,500 jobs, as labour force growth slows

By RICHARD GARTHARDAAPANThe Indian government has slashed the number of workers it expects to hire from 1.3 million in 2020 to 1.1 million in 2021 as its economy slows.

The country is struggling to replace many of its lost manufacturing jobs, and is counting on new investments to offset the expected slowdown.

It also expects the number to increase, as demand for consumer goods and services grows.

India is among the top exporters of clothing, footwear and other goods, and it has also been a global leader in IT, robotics and healthcare.

But the government says the economy will remain fragile in the longer term, and the labor force will shrink from 2.1 to 1 million by 2021.

The government says it is also taking steps to rein in the number and quality of jobs it has lost in the past decade, and to streamline government services and promote employment in sectors that are under pressure from automation.

A key target of its job creation plan is a “new paradigm of industrial strategy” that will focus on the sectors where the economy is weakest and the most vulnerable, said Pramod Khosla, the minister for labour and Employment.

Kosla said the plan will address key challenges including “jobs for the less educated and the less-skilled.”

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