To deal with the challenge of gainfully absorbing the expected large number of new entrants to the job market, the Government has set a target of raising the share of manufacturing in GDP from the current level of about 16 per cent to 25 per cent by 2025. But there are huge challenges here. Power will be the major challenge.
The International Energy Agency estimates suggest that the shares of India and China in the world fossil fuel demand by 2030 will be 16 per cent and 38 per cent, respectively.