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Govt aims to find 500k jobs per year

08 Sep '06
1 min read

Government has changed the target of industrial growth for 2007 from 8.1 to 7.9 percent.

Similarly, the target of industrial growth for 2006 set at 7.7 percent will also be revised due to continuing decline in the deed of domestic industries and government budgetary support for the sector.

Performance of textile industries also declined and most textile industries had turned to the export market as domestic demand for their products continued to drop.

The revision may not disrupt the target of new employment opportunities set at 500,000 a year, as the government assured, that it would try to meet the target by concentrating on the development of small industries.

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