Sector-Specific Job Growth in Union Budget 2024 | Accord Consultants, Best Manpower Consultancy
The Union Budget 2024 emphasizes various sectors to stimulate job creation and economic growth. Below is a detailed look at sector-specific job growth prospects based on the budget’s allocations and policy measures. 1. Infrastructure and Construction Increased Capital Expenditure: Job Roles : Construction workers, engineers, project managers, architects, site supervisors, heavy machinery operators. Impact : The significant increase in capital expenditure will create numerous jobs in the construction of roads, bridges, railways, and urban infrastructure projects. This sector will see a surge in demand for both skilled and unskilled labor. 2. Manufacturing PLI Schemes and Reduced Corporate Tax: Job Roles : Skilled labor, quality control professionals, research and development staff, logistics and supply chain managers. Impact : Expansion of Production Linked Incentive (PLI) schemes and reduced corporate tax rates are expected to boost manufacturing in electronics, automotive, textil...