CII Proposes Employment Boost in Union Budget 2024

New Delhi: Leading industry body Confederation of Indian Industry on Sunday called for a host of measures to be included in the upcoming Union Budget announcements to boost job generation. It suggested a seven-point agenda that would create jobs, including an integrated National Employment Policy, policy support for employment generation, implementation of labour codes, and increased participation of women in the workforce, among others. In addition, the unified policy could also build on the single integrated employment portal - National Career Service – wherein all the data can flow into this from various Ministries and State Portals,” it said. To boost exports from labour intensive manufacturing sectors, government’s schemes need to be synced that will also lead to employment generation, tariff structures, support through programs like the Production /Employment Linked Schemes, and the Free Trade Agreements that India is entering. New initiatives including the construction of dormitories using CSR funds, the formalisation of sectors like care economy, establishing of government-supported creches in industrial clusters, could be taken to increase female labour force participation,” it added.