India is looking to create as many as 100 million skilled jobs in the manufacturing sector by raising its share of grow domestic product, or GDP, to 25 per cent from 16 per cent, Commerce and Industry Minister Anand Sharma said.

Foreign investors plan to expand presence in India and look forward to easier business climate as well as a sustained pace of reforms following general elections this year, according to a survey.

Executives in Davos said they remained committed to tapping into rising middle classes from Shanghai to Lagos, but some are pulling back and redeploying resources in particularly difficult, low-margin regions.