Budget 2014 Promises To Create 5-8 Million Jobs In 3-4 Years

"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 workersmust 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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Source: PTI