Budget 2014: Government emphasis on job creation to create 5-8 million jobs in 3-4 years

NEW DELHI: With the government putting strong emphasis on job creation, experts today said measures proposed in the union budget can help create 5-8 million jobs in next 3-4 years across various sectors.

“India today needs a boost for job creation. Our manufacturing sector in particular needs a push for job creation,” Finance Minister Arun Jaitley today said.

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Human resource experts welcomed the budget and believe the sectors that are likely to see an immediate job creation are infrastructure, transport, power, consumer goods, e-commerce, startups and tourism.

“The early indications looks like this budget is pro- reforms and growth focused with a clear long-term strategy for getting back the growth momentum. I expect the budget to have a positive impact on the job market,” leading job portal Naukri.com Executive VP and National Head Sales, V Suresh said.

Jaitley further said growth in infrastructure and construction sectors is necessary to revive the economy and generate jobs for millions of our young boys and girls.

Manufacturing sector is of paramount importance for the growth of our economy and this sector has multiplier effect on creation of jobs and announced various incentives to facilitate investments in the sector, Jaitley added.

“We believe the budget has addressed a lot of areas that ushers well for the job market. We expect that the new budget will help in the creation of 5-8 million jobs across sectors,” Kelly Services India & Malaysia MD Kamal Karanth said.

“In budget there has been a boost to the social sector, raised FDI in defense, up gradation of railway system and Infrastructure and this will create large pool of the job opportunity across varios sectors as most of these sectors will have interconnected co-relation with other industries,” leading search organization GlobalHunt MD Sunil Goel said.

Goel further said these limited reforms should create more than 5 lakh job across the country in next 1-2 years.

“Infrastructure, power, transport and consumer goods will see an immediate hike in hiring needs. There is increased confidence in these sectors and the sops offered to companies will prop most hiring managers to swoop in on talent quickly,” Antal International Network MD Joseph Devasia said.

However, creating jobs is only one part of the equation as workers must also have the skills to perform them and with over 12 million youth joining the workforce each year, bridging the skill gap is a critical issue facing the nation.

The government today announced the launch of a national multi-skill programme – ‘Skill India’, that will skill the youth with an emphasis on employability and entrepreneurship.

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About Antal India Recruitment Blog

Founded in 1993, Antal International is a global Executive Recruitment firm with 120 offices in more than 30 countries We work with professional and managerial talent worldwide. works with many of the world’s most successful and ambitious employers. In January 2007 Antal International established the first office in India, which led to the opening of 38 offices in 14 cities. In 2013, Antal named Joseph Devasia as its Managing Director for Antal International Network, India – the man who brought Antal to India 9 years ago. Antal India today has 100+ consultants working across offices in India filling more than 3000 assignments at the mid – senior level. Antal India today has offices specialising in various industries like FMCG/CD, Ecommerce, IT, Pharma, Auto, Engineering, Manufacturing, Real Estate, Construction, Retail, Oil & Gas, Aerospace, Defence. Clients: Over the past 22 years, Antal has worked with over several thousand clients making 60,000 placements. Antal extensive network of offices and deep market expertise is what sets Antal apart from its competitors. To know more about us – www.antal.com

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