To understand the sentiments of the India Inc. TimesJobs spoke to various industry experts on their expectations from this year’s budget. Here’s their view:
Sanjay Goyal, Business Head, TimesJobs & TechGig says, “Last year established the adoption of new-age technologies like AI, Cloud Computing, Machine Learning and more. The dearth of the skilled workforce was the key factor in the slow transition and acquisition of change. On job training and promotion of certain courses on educational level should be a key focus in 2020. Also, the government needs to level up more on the employability of the available workforce through investments in relevant skill/vocational training”.
“Currently, the pressing issue is of job creation and the upcoming budget needs to drive job growth. Enabling
Neeti Sharma, Senior Vice President, TeamLease Services.
Rahul Garg, CEO & Founder – Moglix says, “As an enabler of technology-driven procurement, we are looking forward to economic reforms that facilitate easier capital injection and business credit for manufacturing enterprises, bring stability & rationalisation to GST implementation, and introduce incentives to boost manufacturing. We are hopeful about gaining greater clarity on the national e-commerce policy framework”.
“Direct Tax Reform will be a big focus for this year’s budget. Hence, it will be imperative to ensure that consumers’ i.e. salaried individuals enjoy greater spending power and higher take-home salaries. The best way to get consumers to spend more is to provide them avenues within the compensation structure wherein they get tax-saving benefits towards expenses they would otherwise hesitate to make, either on their professional development or for enhancing their quality of life”, says
Suvodeep Das, Vice President Sales & Marketing, Sodexo Benefits & Rewards.
Vivek Kumar, MD, Springboard India says, “An upskilling fund is the need of the hour today to battle the skills gap created in India by emerging technologies such as AI / machine learning. A corporate obligation towards upskilling incentivised by the government will ensure that human resource in the country are skilled in emerging technologies while energising the workforce and eliminating any and all fears for the future”.