The schemes and outlays proposed by the government in the Budget for core sectors like manufacturing and infrastructure will benefit these segments especially with improved job creation opportunities, HR experts said. Further, the announcement of social security benefits to gig workers and platform workers and the proposed setting up of a portal to collect information on gig workers will create the right impetus for remote and flexible work, they said. "Given the schemes and outlays the government has proposed in the budget for the core sectors - manufacturing and infrastructure, these sectors should see a boost in jobs being created by them," said Rituparna Chakraborty, Co-Founder & Executive Vice President, TeamLease Services. In fact, the plan to set up a professionally managed Development Financial Institution and to allocate Rs 20,000 crore towards capitalising it will not only create employment opportunities, but it will also have a positive impact on consumer spending, ...
China's factory gate prices fell last month at their slowest pace since February, official data showed on Monday, suggesting China's manufacturing sector continues to see a steady recovery from Covid
China's factory activity expanded in December but at a slower pace, as the country leads a pack of major economies emerging from the coronavirus slump
China's factory activity expanded at a slightly slower pace in October but was slightly above analysts' expectations, suggesting a continuing economic recovery
Robust services industry eclipses slower output growth in boost to recovery
An industry-powered rebound is pushing the Asian nation out of the historic first-quarter slump and toward the prospect of being the only major economy to expand this year
Numbers beat analysts' forecasts for a more modest improvement of 51.3
The official manufacturing Purchasing Manager's Index (PMI) rose to 51.1 in July from June's 50.9, official data showed on Friday
The collapse in economic activity seen in the data was largely due to virus control measures that have made it hard for workers to travel back after Lunar New Year
A shortage of skilled workers, bureaucracy and lack of adequate road and port infrastructure are key impediments investors face in India
Raw material input prices fell for the second consecutive month to the lowest since July 2017
Exporters will have to compete hard to win back the market they lost in the wake of the mining ban
The key manufacturing sector had been struggling due to sagging world demand for Chinese products