The recent reforms ushered in by the Government are creating new livelihoods across existing and emerging sectors, with eight segments of the economy alone expected to create over 10 crore jobs by 2025, CII said on Thursday.
“With skill levels rising and substantial growth in startups and new businesses, the quality of jobs is being also enhanced, including through higher incomes,†CII President Rakesh Bharti Mittal told PTI.
According to Mittal, the measures to promote ease of doing business, cut in tax rates for smaller enterprises to 25 per cent, and reduction in interest rates are creating the right atmosphere for new businesses to flourish, particularly SMEs.
“This is an effective stimulant for job creation,†he said.
