Budget 2016: Government emphasizes on various reforms to boost job creation

Budget 2016: Government emphasizes on various reforms to boost job creation

The government of India focused on the creation of new jobs across the areas such as infrastructure development, skill development and rural economy to create more jobs. The budget focuses on various reforms to create jobs across sectors such as pharma, healthcare, IT, education, FMCG and most certainly internet focused sector. The skill-development for rural youth will not only reap benefits of demographic dividend but also boost inclusive growth thus highlighting the significance of affordable access to quality education to all. The budget also mentioned that that focus on agriculture, financial sector reforms, emphasis on the importance of foreign direct investments which in turn would help in promoting domestic manufacturing sector, while simplification in tax rules for start-ups and small businesses would encourage entrepreneurship in the country and boost job creation.

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