Millions of jobs in IT, textile by 2009

Finance Minister P Chidambaram,while presenting the Union Budget 2005-06 in Parliament on Monday, outlined the government efforst to give a major boost to employment generation.

The finance minister said that the plans that the government has oultined will help generate millions of jobs for youth in various sectors.

Chidambaram said that:

• The information technology would generate 70 lakh (7 million) jobs by 2009,
• The food processing sector would generate 250,000 additional jobs  by 2009,
• Employment in the textile sector will boom to shoot up by 1.2 crore (12 million) jobs by 2009, and
• The construction industry will see lakhs (millions) of additional jobs in the face of industrial boom in the country by 2009.