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Mumbai to create 8 lakh jobs: McKinsey
Renni Abraham in Mumbai
 
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February 01, 2005 09:07 IST

Mumbai city is set to create over 8 lakh (800,000) job opportunities by 2015, with the retail, manufacturing and construction sectors being the major job creators.

According to a report by the McKinsey Global Institute and Bombay First for prime minister Manmohan Singh, the city's transformation into a globally competitive metropolis would unearth its potential for creating 8,07, 000 additional jobs.

The top three sectors in terms of job creation are retail (2,63,000 new jobs), construction (2,44,000 jobs) and manufacturing sector (2,04,000 jobs). This is followed by the financial services sector (89,000 jobs) and IT and IT-enabled services sectors that are likely to account for 77,000 new jobs.

The number of new jobs identified by the report that are likely to be created by 2015 do not include the manufacturing sector in the hinterlands and transportation/logistics.

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