India Inc. seek Budget sops from govt. for creating jobs
The Hindu
Manufacturing sector not upbeat on fresh hiring yet
Ahead of the Union Budget 2022-23, Indian industry has urged the government to offer incentives for creating jobs, including special sops under the Production Linked Incentive (PLI) schemes already announced.
The plea assumes significance amid growing concerns about high unemployment levels in the country, even as a FICCI survey of manufacturing firms showed that 75% of firms don’t plan to hire in this quarter despite a marked increase in business volumes and orders in the October to December 2021 quarter.
“With the imperative to support jobs and create new employment as the country recovers from the pandemic, the Confederation of Indian Industry (CII) suggests that the Budget add a job-creation component to the PLI incentives for 13 sectors,” the industry chamber’s director general Chandrajit Banerjee said.
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