New Delhi, April 22 -- India needs to create at least 8 million jobs annually for the next 10-12 years and increase manufacturing's share of GDP to realise its vision of becoming a developed nation by 2047, according to V. Anantha Nageswaran, Chief Economic Advisor (CEA), Government of India.

Speaking at the Columbia India Summit 2025 hosted by the Deepak and Neera Raj Centre on Indian Economic Policies at Columbia University, Nageswaran highlighted the challenging global environment India faces in its development journey.

"The external environment is not going to be so benign for the next 10-20 years as one might have had in the last 30 years, starting from 1990 or so," he stated.

Nageswaran emphasised that India must navigate complex...