{"id":31517,"date":"2024-07-23T12:16:49","date_gmt":"2024-07-23T06:46:49","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2024\/07\/23\/mayank-singhvi-ceo-cosmos-financial-groups-quote-on-union-budget-2024-2025\/"},"modified":"2024-07-23T12:16:49","modified_gmt":"2024-07-23T06:46:49","slug":"mayank-singhvi-ceo-cosmos-financial-groups-quote-on-union-budget-2024-2025","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2024\/07\/23\/mayank-singhvi-ceo-cosmos-financial-groups-quote-on-union-budget-2024-2025\/","title":{"rendered":"Mayank Singhvi, CEO, Cosmos Financial Group\u2019s quote on Union Budget 2024-2025"},"content":{"rendered":"
\n

Mumbai (Maharashtra) [India] July 23 :<\/strong> Post the General elections which resulted in a fractured mandate after a decade the union budget 2024-25 is keenly awaited. Boosting economic and job growth in India is a primary concern requires a comprehensive approach that spans various sectors and addresses both supply and demand factors.<\/p>\n

Here are some key strategies for the same :<\/strong><\/p>\n

\u00a0\u00a01. Skill Development and Education:<\/strong>
\u00a0\u00a0 \u00a0\u2013 Vocational Training: \u00a0Expand vocational training programs to equip workers with skills that match industry needs.
\u00a0\u00a0 \u00a0\u2013 Educational Reforms: Align educational curricula with market demands, emphasizing STEM (Science, Technology, Engineering, and Mathematics) and soft skills.
\u00a0
\u00a02. Promoting Small and Medium Enterprises (SMEs):<\/strong>
\u00a0\u00a0 \u00a0\u2013 Access to Finance: Provide easier access to credit and financial services for SMEs.
\u00a0\u00a0 \u00a0\u2013 Support Services: Offer business development services, mentoring, and support for startups and small businesses.
\u00a0
\u00a03. Infrastructure Development:<\/strong>
\u00a0\u00a0 \u00a0\u2013 Construction Projects: Invest in large-scale infrastructure projects, which create numerous jobs in construction and related industries.
\u00a0\u00a0 \u00a0\u2013 Rural Infrastructures: \u00a0Develop rural infrastructure to create jobs and reduce migration to urban areas.
\u00a0
\u00a04.<\/strong> Industrial Growth:<\/strong>
\u00a0\u00a0 \u00a0\u2013 Manufacturing Sector: Promote Make in India and other initiatives to boost manufacturing, which has high employment potential.
\u00a0\u00a0 \u00a0\u2013 Special Economic Zones (SEZs): Develop SEZs and industrial corridors to attract investments and create job opportunities.
\u00a0
\u00a05. Agricultural Reforms:<\/strong>
\u00a0\u00a0 \u00a0\u2013 Agri-Business: Encourage value addition in agriculture through food processing and agro-based industries.
\u00a0\u00a0 \u00a0\u2013 Modern Farming Techniques: Promote modern farming techniques to increase productivity and create employment in rural areas.
\u00a0
\u00a06. Digital Economy:<\/strong>
\u00a0\u00a0 \u00a0\u2013 IT and ITES: Strengthen the Information Technology (IT) and Information Technology Enabled Services (ITES) sectors.
\u00a0\u00a0 \u00a0\u2013 Digital Skills Training: Provide digital literacy and advanced digital skills training to workers.
\u00a0
\u00a07. Tourism and Hospitality:<\/strong>
\u00a0\u00a0 \u00a0\u2013 Tourism Infrastructure: Develop tourist destinations and improve infrastructure to attract more visitors and create jobs.
\u00a0\u00a0 \u00a0\u2013 Promotion Campaigns: Run campaigns to promote India as a tourist destination.
\u00a0
\u00a08. Labour Market Reforms:
<\/strong>\u00a0\u00a0 \u00a0\u2013 Flexible Labor Laws: Reform labor laws to make it easier for businesses to hire and retain employees.
\u00a0\u00a0 \u00a0\u2013 Worker Protection: Ensure adequate worker protection and benefits to create a secure working environment.
\u00a0
\u00a09. Encouraging Innovation and Startups:
<\/strong>\u00a0\u00a0 \u00a0\u2013 Startup Ecosystem: Foster a startup ecosystem with incubation centers, funding support, and innovation hubs.
\u00a0\u00a0 \u00a0\u2013 Research and Development: Invest in R&D to create new industries and job opportunities.
\u00a0
\u00a010. Government Policies and Incentives:<\/strong>
\u00a0\u00a0 \u00a0 \u2013 Incentives for Job Creation: Provide tax breaks and incentives for companies that create a certain number of jobs.
\u00a0\u00a0 \u00a0 \u2013 Public-Private Partnerships (PPPs): Encourage PPPs in various sectors to boost job creation.
\u00a0
\u00a0By addressing these areas, India can create a conducive environment for job growth and economic development.<\/p>\n

About the author :\u00a0<\/strong><\/p>\n

Mayank Singhvi is the CEO of Cosmos Financial Group, spanning financial services, real estate, hospitality, and aviation, and Managing Partner at IMK Capital Partners<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India] July 23 : Post the General elections which resulted in a fractured mandate after a decade the union budget 2024-25 is keenly awaited. Boosting economic and job growth in India is a primary concern requires a comprehensive approach that spans various sectors and addresses both supply and demand factors. Here are some…<\/p>\n

Read More “Mayank Singhvi, CEO, Cosmos Financial Group\u2019s quote on Union Budget 2024-2025”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":31518,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-31517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/31517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=31517"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/31517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/31518"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=31517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=31517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=31517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}