Tomorrow, or never?

"The Index of Industrial Production (IIP) in India rose 5.9% in May on an annual basis as against 5% in April, revealed the data provided by the Ministry of Statistics and Programme Implementation (MoSPI)." The growth rate of "Mining, Manufacturing and Electricity in May 2024 stood at 6.6%, 4.6% and 13.7% year-on-year respectively." The increase in electricity production may be explained by the severe heat wave in India in May, with the temperature in Churu in Rajasthan recorded at 50.5 degree celsius. wikipedia. "Riding on the growth of the manufacturing sector, job roles like computer numerical control operators (CNC), production supervisors and machine operators are seeing an exponential demand, according to Indeed, a global hiring and matching platform. Between June 2022 and June 2024, the jobs in the manufacturing industry in India grew by 40%." ET. "India is likely to speed up processing visas for Chinese technicians, three government officials said, as it looks to overcome delays at manufacturing units that have hindered investments worth billions of dollars," and "led to production losses of $15 billion for the electronics manufacturing sector in the last four years." Reuters. "The epic bust-up between China and India could be ending," reported the Economist. As "India realises its ailing manufacturing sector, which is behind a lack of quality jobs and the BJP's recent electoral setback, requires Chinese technology, investment and expertise." The Print. Why do we need the Chinese when, "India's youth continue to grapple with soaring unemployment rates, with nearly 83% of the jobless population belonging to this demographic," and "the proportion of educated young people, possessing at least secondary education, among the total unemployed youth has nearly doubled from 35.2% in 2000 to 65.7% in 2022?" Mint. Possibly because, "Only 57.44% of B.E. and B.Tech. graduates in India are employable in the automotive industry, according to a study by the Society of Indian Automobile Manufacturers (SIAM)." "Indian automotive industry will need up to 200,000 skilled people by 2030 to meet the government's vision of 30% electric vehicle adoption." ET. On the other hand, "India's largest listed companies were able to generate steady cash flows from their operations in 2023-24, with the aggregate figure for a sample of 416 BSE 500 firms surging 26.4% and crossing Rs 10 trillion," but "While cash is flowing in, the investment spigot is still shut tight." Mint. Foreign direct investment (FDI) into India fell to a five-year low of $44.4 billion in 2023-24 from $59.6 billion on 2020-21. "The fact that FDI inflows shrank, even as global businesses were trying to adopt a China-plus-one strategy and reduce their dependence on the People's Republic, suggests that India is not yet seen as the definitive alternative to it as the world's factory." Pressreader. So, India's manufacturing is growing but investment is not, there are lots of jobs but youth unemployment is very high, and there are lots of graduates but they cannot be employed. It's definitely not jam today. Will there be jam tomorrow (wikipedia)? Or, never?