In an economy such as India's, jobs create themselves to a large extent, which is why the rate of unemployment is perennially low, at two-three per cent.
Resumption of rapid GDP expansion requires accelerated growth of the production and export of manufactures.
Tata Chemicals has undertaken experiments with biofuel. If these efforts are successful, the company will take up large scale manufacturing of biofuel at its Nanded plant.
Amidst optimism about the growth prospects of the agricultural sector and consequently the fertiliser industry, policy environment continues to remain fluid.
India must concentrate on manufacturing-led growth.