Draft industrial policy sets aside job creation target, focuses on MSMEs

The draft also focuses on the ease of doing business and features 'industry 4.0' principles

The draft industrial policy has refrained from its plan to create fixed targets for job growth in specific sectors and is, instead, focusing on ‘wide growth’ for the next two decades. 

The industrial policy, the draft of which may be taken up by the Cabinet for a nod next week, focuses on micro, small and medium enterprises (MSMEs) with an aim to attract $100 billion annual foreign direct investment (FDI), sources say.  The draft is modelled around ease of doing business, they say. 

But a lack of high quality job creation data kept the government from mapping the potential of