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Will GST bring along employment opportunities?

27-06-2017 07:00 AM | Pooja Nevewani | My Indian Dream

Will GST bring along employment opportunities? | My Indian Dream

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An introduction of GST will ensure an increased momentum in hiring sector.

The most talked about historic reform will be introduced on July 1, 2017. Analysts say that Goods and Services Tax (GST) will bring along with itself certain employment opportunities.

An annual rise of about 10 to 13 percent in the jobs sector and an increased demand for professionals in various segments will be seen after July 1. GST will moreover ensure clear and profitable cash flow with proper even goods distribution. GlobalHunt’s Managing Director Sunil Goel said that GST will create about one lakh jobs in over first quarter of its implementation and more 50 to 60 thousand jobs in various sectors for GST. Various businesses will seek the need of professionals to manage and workout through GST. The reform also hints over the rise in foreign direct investment. The execution of various government initiatives will see a productive approach.

The sectors that will see the immediate impact of GST are automobiles, décor, home appliances, media and entertainment, cosmetics, cement, pharma, telecom and e-commerce. The positive impacts of GST will show up after infrastructural and logistical challenges are resolved over time.

GST seems to give a major push to hiring scenario in the nation.  

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