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65 pct professionals believe Budget will revive economic growth, generate employment

Jul 09 2014, 21:47 IST
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Only 4 per cent of respondents hold a pessimistic view and have indicated that the Budget will have no positive impact at all. Only 4 per cent of respondents hold a pessimistic view and have indicated that the Budget will have no positive impact at all.
SummaryOnly 4 per cent of respondents hold a pessimistic view that Budget will have no positive impact...

As many as 65 per cent of respondents have positive expectations from the Budget and believe that it will succeed in giving a definite push to economic growth and job creation, a survey has said.

According to a snap poll conducted by HeadHonchos.com, a job search portal for mid-management and senior professionals, 65 per cent of respondents carry positive expectations, while 31 per cent are not overly optimistic, holding the belief that while some sectors will gain, it will take more than the Budget to kick-start growth.

Only 4 per cent of respondents hold a pessimistic view and have indicated that the Budget will have no positive impact at all.

"The underlying sense seems to be that business-friendly policies will boost growth, paving the way for job creation," the survey noted.

Though the impact of policy changes will play out over a few years from now, the positive mood is a good start in itself "bringing back confidence and setting the tone for constructive change", it said.

On the eve of the Budget, the wish-list ranges over a wide set of issues from curbing inflation to cutting the subsidy bill, offering tax incentives, pumping up investment in infrastructure, ensuring fiscal prudence and cutting the waste in Government spending.

"From a sectorial perspective, we anticipate that there will be large investments in the infrastructure space which will result in the creation of additional jobs, including the Fixed term contract hiring jobs," Kelly Services India & Malaysia MD Kamal Karanth said.

"We see immense potential for job creation in the power sector. With the plans of FDI in e-commerce, a lot of sectors including FMCG and BPO are expected to witness a huge traction in hiring at entry level," Karanth added.

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