Post Budget Reaction by Mr. Ramathreya Krishnamurthi, Business Head, TIMESJOBS

India’s massive young working population are sure to get a boost in the arm with the tax rebates announced for those having an income of up to 5 lakhs rupees. Although these are populist measures, it provides more disposable income available for people to spend and that is a good sign for the economy overall. It is also heartening to note how the Budget has merged employment and technology in its future plans. Digitisation is the only way to move forward. The future of India’s job market will be on the peripheries of new skill sets such as data scientists, data mining, artificial intelligence, Internet of Things, etc. Therefore the Vision 2030 which pushes rural industries to digitise is a welcome step. The Vision 2030’s Digital India plan too holds a promise of creating more new-age relevant jobs, high on acquiring skills. By 2020, around 600 million people are expected to get deployed in newer job roles that do not exist today. News Service

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