Government emphasis on job creation to create 5-8 mn jobs in 3-4 years

Jul 10 2014, 16:53 IST
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Our manufacturing sector in particular needs a push for job creation, Our manufacturing sector in particular needs a push for job creation," Finance Minister Arun Jaitley today said.(PTI)
SummaryGoel further said these limited reforms should create more than 5 lakh job across the country in next 1-2 years.

-- 'Skill India', that will skill the youth with an emphasis on employability and entrepreneurship.

"The launch of 'Skill India' and setting up of a Rs 10,000 crore fund to boost entrepreneurship will surely yield benefits by promoting inclusive growth," Towers Watson, India Managing Director Vivek Nath said adding the Rs 100 crore allocated for a start-up programme for rural youth is another move in the right direction.

"The skill-development and start-up programme for rural youth will not only reap benefits of demographic dividend but also boost inclusive growth," Egon Zehnder Consultant Pallavi Kathuria said.

The government today also emphasised on the importance of foreign direct investments in several sectors which in turn would help in promoting domestic manufacture and job creation.

"Liberalisation of FDI in e-Commerce sector will provide much-needed certainty to foreign players and to a sector that has the promise to provide increased commerce and generate employment in the country," PwC India India Technology leader Sandeep Ladda said.

Another sector that can be taped for larger number of job creation is tourism, Jaitley said adding that India's rich cultural, historical, religious and natural heritage provides a huge potential for the development of tourism and job creation as an Industry.

"By promoting tourism and agro-based industries, employment opportunities will be expanded. New job hot-spots are being created in the country in the power, banking and infrastructure sector and the demand for temp-force will be go up," ManpowerGroup India Executive Director and President Srikanth Rengarajan said.

Moreover, employment exchanges will be transformed into career centres and in addition for providing information about job availability.

"The budget is forward looking and promises to address the investment and industry sentiment that should boost employment opportunities in the immediate term," TeamLease Services Managing Director & Co-Founder Ashok Reddy said adding "overall the budget looks growth oriented, with focus on job creation especially in Tier 2 and 3 cities.

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