The vital task ahead for us is to ensure that this growth is now accompanied by an explosion in job-creation, said Mahindra, chairman, Mahindra Group

New Delhi: India’s private sector needs to step up and match the government’s efforts towards job creation and making young people employable, as in the absence of a collective effort, the country’s demographic dividend could become a demographic disaster, Mahindra Group Chairman Anand Mahindra said on Wednesday.

In his reaction to the Union Budget for 2024-25, he said it shows evidence that the government recognises the importance of growth accompanied by job-creation. “We are the envy of the world in terms of our growth in GDP. We are the preferred destination of the world for investment because of the belief in our future,” Mahindra said in a post on social media platform X.

He further said, “but the vital task ahead for us is to ensure that this growth is now accompanied by an explosion in job-creation.” Mahindra noted that, “Hence, for me, the most important element of Tuesday’s budget was strong evidence that the government recognises this to be its most important mission.