As the Union Budget 2025-26 approaches, the Confederation of Indian Industry (CII) has presented a comprehensive seven-point agenda aimed at enhancing employment generation across the country. These recommendations are designed to leverage India’s demographic dividend and stimulate economic growth through job creation.
1. Integrated National Employment Policy
CII advocates for the formulation of a National Employment Policy that consolidates various employment-generating schemes currently managed by different ministries and states. This unified approach is expected to streamline efforts and maximize the impact of employment initiatives.
2. Policy Support for Employment Generation
The industry body emphasizes the need for targeted policy interventions in sectors with high employment potential, such as manufacturing, construction, and services. By focusing on these areas, the government can facilitate large-scale job creation and address unemployment challenges effectively.
3. Implementation of Labour Codes
CII urges the swift implementation of the four labour codes, which aim to simplify and modernize existing labour laws. This move is anticipated to improve the ease of doing business, attract investments, and create a more conducive environment for employment generation.
4. Enhancing Female Workforce Participation
Recognizing the untapped potential of female workers, CII recommends measures to increase women’s participation in the workforce. This includes creating safe and supportive work environments, offering flexible work arrangements, and providing skill development opportunities tailored for women.
5. Skill Development and Training
The agenda highlights the importance of aligning skill development programs with industry requirements. CII suggests enhancing vocational training and education to equip the workforce with relevant skills, thereby improving employability and productivity.
6. Support for Micro, Small, and Medium Enterprises (MSMEs)
Given the significant role of MSMEs in employment generation, CII proposes providing financial and policy support to this sector. Facilitating easier access to credit, simplifying regulatory compliances, and offering incentives can bolster MSMEs’ capacity to create jobs.
7. Infrastructure Development
Investments in infrastructure are seen as a catalyst for job creation. CII recommends increasing capital expenditure on infrastructure projects, particularly in rural areas, to generate employment and stimulate economic activity.
Chandrajit Banerjee, Director General of CII, stated, “India stands at a unique juncture where its demographic dividend presents a tremendous opportunity to propel economic growth and social transformation. Employment generation is a critical pillar in this journey.”
The Union Budget 2025-26, scheduled to be presented on February 1, 2025, by Finance Minister Nirmala Sitharaman, is expected to incorporate various measures to address employment challenges. CII’s recommendations aim to provide a strategic framework for the government’s efforts in this direction.
By adopting these proposals, the government can create a more robust and inclusive employment landscape, ensuring sustainable economic growth and improved livelihoods for the Indian population.
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