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Budget 2014: FDI in manufacturing sector will generate more jobs

Kamal Karanth     July 11, 2014

Kamal Karanth
Business Today spoke to Kamal Karanth, MD, Kelly Services India & Malaysia about his expectations from Budget 2014.

We believe that the Budget has addressed a lot of areas and it ushers well for the job market. Increasing the FDI in the insurance sector will help create entry level jobs. Investment of Rs 500 crore to set up Indian Institutes of Technology and Indian Institutes of Management will help meeting the huge demand for skilled workforce in India.

The young leaders programme and the Rs 100 crore start-up programme will empower youth. Further, FDI in manufacturing sector will translate into more jobs. The setting up of biotech clusters in Bangalore and Faridabad will not only promote the sector in a huge way but it will increase the job opportunity for biotech graduates. We also expect the Budget will help in the creation of 5 million to 8 million jobs across sectors.

Kamal Karanth, MD, Kelly Services India & Malaysia.


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