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  • Post Budget Reaction – Randstad India

    Published on July 6, 2019

    “Budget 2019 is a holistic one which encapsulates the various measures that the Govt. will take towards achieving the $5 trillion economy by 2024. This budget is done with a long term vision, along with a strategic roadmap designed to put the economy on a fast track mode.
    For India to realize this goal, it was critical to overhaul the country’s archaic labor laws. It is a step in the right direction taken by the Finance Minister to revamp the labor laws into a set of four labor codes as this will help in standardization of various processes and ensure better dispute settlement, job security and industrial relations.

    One of the key concerns for India is not only creating jobs, but to create future job seekers who are adept with skills that the ‘Jobs of the Future’ will demand. It is quite commendable that the Government has introduced skilling initiatives in areas such as Artificial Intelligence, Big Data, Robotics, etc., which will aid job creation. These measures will help in creating more jobs as was envisaged in the Economic Survey 2018-19. It will definitely put India on the global map and enable it to become a favoured investment destination.

    Opting for pragmatic solutions, in her maiden speech, the FM has given emphasis on sustainable job creation through investments in infrastructure projects. The Budget will provide further impetus to growth oriented sectors such as construction, services, and micro, small & medium enterprises (MSMEs) thus building an ecosystem to create more jobs.”

    _  Paul Dupuis, MD and CEO, Randstad India.