Even as the Indian government looks to create new jobs in the India by empowering the informal economy, Neelkanth Mishra of Credit Suisse says that there are huge job creation opportunities in the electrical appliances sector. In an interview to \u00a0Shaji Vikraman of The Indian Express, Neelkanth Mishra explained India\u2019s job creation in footwear and textiles industry using the analogy of Salman Khan\u2019s advertisements. \u201cLook at the job creation in footwear and textiles. It\u2019s all pre-fabricated now. I\u2019m sure Salman Khan doesn\u2019t know this but you go to any small town, you\u2019ll see posters of him advertising some little-known brand! I\u2019m sure the same will happen with electrical appliances,\u201d he told the newspaper. According to him, the small appliances will be huge job creators, buoyed by the government\u2019s thrust on electrification. \u201cI think small appliances too will grow, particularly as electrification increases. Until 2011, around one-third of our households didn\u2019t have wires going into their houses. Now, most do. Many states have seen a dramatic improvement in electrification. My home state of Bihar, till 2011, had only 16% houses with wiring. Now, that\u2019s 60%. So earlier, there was no need to buy a mixer-grinder because bijli hi nahin hai, toh what will you do with that? Now, you have electricity. Now, you will need that mixer-grinder. Who\u2019s going to make that? Not just the Chinese,\u201d points out the expert. Apart from electrical appliances, Neelkanth Mishra sees great potential in the food processing and agriculture space in India. Pointing out the strengths of India in agriculture, he said, \u00a0\u201cWe have many food surpluses. We are also exceptionally well-endowed with sunlight, fertile soil, rain. And cheap labour \u2014 we should be killing it in agriculture! Agriculture itself can create jobs, as can food processing. And these don\u2019t need migration.\u201d \u00a0 In the same interview, Neelkanth Mishra said that through the PSU bank reform, the government has checked the vicious cycle of less capital, leading to less lending and reduced operating profitability. \u201cThis one-time capitalisation was needed. This vicious cycle has been stemmed. This should be accompanied by banking reforms, so the problem doesn\u2019t recur,\u201d he noted.