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India's Employment Growth: Capital-Intensive Sectors Lead While Labor-Intensive Industries Dominate Jobs A recent report by Goldman Sachs  highlights India’s employment growth dynamics, revealing that capital-intensive sectors  have shown faster employment growth compared to labor-intensive sectors  over the past decade. However, labor-intensive industries continue to hold a larger share of jobs in India, reflecting a diverse employment landscape. Shift Toward Capital-Intensive Sectors in Manufacturing The report emphasizes India’s impressive performance in capital-intensive manufacturing sub-sectors  such as chemicals, machinery, and electronics. These industries have outpaced labor-intensive sectors like textiles and footwear in both export growth and employment . This shift has been largely attributed to government incentives , such as the Production-Linked Incentive (PLI) scheme , aimed at boosting high-value product exports to developed markets. According to the...