Hiring: Growth-oriented budget to fuel optimism in hiring ma

Hiring: Growth-oriented budget to fuel optimism in hiring market: Experts


Synopsis
“The focus of the Budget is on the expenditure side rather than the tax part and this in turn will have a multiplier effect on creating more jobs – be it in healthcare, infrastructure, or others. The increase in capital expenditure to Rs 5.5 lakh crore means more impetus for new projects which will lead to more job creation across sectors over a period of time,” said Madan Sabnavis, chief economist at Care Ratings.
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KOLKATA/MUMBAI: The government’s growth-oriented budget is expected to result in the creation of significant job opportunities, particularly in the infrastructure, healthcare, insurance and manufacturing sectors. More importantly, say experts and economists, the positivity around the budget despite the constraints, will fuel optimism in the hiring market among employers, which will boost both blue-collar and white-collar jobs.

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