by Mr. Kamal Karanth, MD, Kelly Services India & Malaysia.

“We believe the budget has addressed a lot of areas that ushers well for the job market. Increasing the FDI in the insurance sector will help create entry level jobs. Investment of INR 500 Crore for setting up IIT’s and IIM’s will help to meet the huge demand for skilled workforce in India. The young leaders programme and the 100 crore start-up programme will surely bring a huge boost in skilling the youth and empowering them. Further, FDI in manufacturing sector will see more jobs being added. As we have been seeing an upsurge of Bio Tech and Pharma sectors in India, the setting of Biotech clusters in Bangalore and Faridabad will not only promote the sector in a huge way but will increase the job opportunity for Biotech graduates which in itself is a niche skill. We also expect that the new budget will help in the creation of  5-8 million jobs across sectors”.– Mr. Kamal Karanth, MD, Kelly Services India & Malaysia.