Budget focuses on skill training for the youth: Samit Jain

After a long time, we have had a wholesome budget, replete with fresh ideas. Providing jobs to the population is the toughest challenge being faced by the government today. With the focus on manufacturing and the excessive commitment to infrastructure, there is bound to be a growth in jobs. The timeline for GST being set as 2016 and online excise and service tax registrations within 2 days, will give an impetus to the industry. Focus on skilling the youth seems evident – this is much needed to enable a successful Make in India campaign.
 
With Rs 70,000 crores allotted to infrastructure, there is going to be a surge in allied activities. This means more jobs and more money in the hands of the people - much needed to revive growth and give India the necessary wings to fly. Ease of doing business seems to have been focussed on the large sector. Some more could have been done for easing of rules for the MSME sector. This still remains the biggest hurdle, considering MSME is the largest contributor the economy.
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Samit Jain is the managing director of Pluss Polymers