How India's Green Drive would generate thousands of jobs

Green India Drive would generate jobs
Green India Drive would generate jobs

by Tanushree Jaiswal Last Updated: Jun 02, 2023 - 12:18 pm 795 Views

It is no secret that Indian government and the Indian companies are sinking billions of dollars into green projects. But, the question has always been whether these green investments would really create adequate jobs? Now we have a more definitive answer coming from JP Morgan. According to a recent report by JP Morgan, green technologies in India are likely to generate as many as 3.50 crore jobs by the year 2047. That is a long time away, but still a formidable number of jobs created. These jobs are likely get created across a plethora of fields like renewable energy, waste management, electric vehicles, green construction, and sustainable textiles. Of course, this list would also include green hydrogen, green ammonia, and lithium batteries and possibly the list can go on for much longer.

According to the report, which was jointly authored by JP Morgan, Skills Council for Green Jobs, and Sattva Consulting; the 3.50 crore jobs would be created both in the urban areas and also in the peri-urban areas. Even the government has made public its preference for prioritizing green growth and green jobs. The study also looks into the future. For instance, it has identified 5 significant initiatives, termed “Big Bets,” that possess the potential to generate jobs at scale for individuals, including for workers from disadvantaged socio-economic backgrounds.

This report is important since there have been consistent doubts about whether the green projects can generate as many jobs as expected. One of the concerns had been that many of the green projects while being capital intensive did not have the potential to create that many jobs. The report from JP Morgan should largely belie such concerns. In the last few years, there has been a distinct shift in the jobs profile in favour of new roles and new skill sets. The good news is that green technologies are likely to generate scores of jobs in the process.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
Sai Silks Kalamandir IPO subscribed 4.40 times at close

The ₹1,201 crore IPO of Sai Silks (Kalamandir) Ltd, consisted of a combination of fresh issue and offer for sale. The fresh issue was to the tune of ₹600 crore while the offer for sale (OFS) was worth ₹601 crore.

  • Sep 22, 2023
SignatureGlobal India IPO subscribed 11.88 times at close

The ₹730 crore IPO of SignatureGlobal India Ltd, consisted of a combination of fresh issue and offer for sale. The fresh issue was to the tune of ₹603 crore while the offer for sale (OFS) was worth ₹127 crore.

  • Sep 22, 2023
Zaggle Prepaid Ocean Services IPO lists flat, then inches lower

Zaggle Prepaid Ocean Services Ltd had a literally flat listing on 22nd September 2023, listing exactly at the IPO price and then trending lower from the listing price. The closing price on 22nd September 2023 was not just below the IPO price, but also below the listing price of the day.

  • Sep 22, 2023