| Log in

In Charts: How GST could boost hiring prospects across sectors

29 November, 2016

The government is working hard to ensure it implements the Goods and Services Tax from next year. The GST, which will subsume almost all the indirect taxes, will help the economy and individual industries in various ways including helping accelerate job growth.

“The uniformity and the reduction in the average tax burden offered by the GST will provide a great impetus to employment creation,” says Rituparna Chakraborty, co-founder of staffing firm TeamLease Services Pvt Ltd.

A TeamLease report shows the biggest impact in terms of employment will be in the automobile and logistics sector, where job growth could accelerate by 4-4.5 percentage points. 

While most sectors will benefit, three sectors could take a hit in terms of employment creation, the report says. These sectors are consumer durables, pharmaceuticals and telecommunications, it says.

Like this report? Sign up for our daily newsletter to get our top reports.


Leave Your Comment
TeamLease to acquire 30% stake in jobs portal Freshersworld

TeamLease to acquire 30% stake in jobs portal Freshersworld

Keshav Sunkara 1 year ago
Staffing firm TeamLease Services Ltd has agreed to acquire a 30% stake in...
TeamLease to buy Evolve Technologies to enter telecom staffing biz

TeamLease to buy Evolve Technologies to enter telecom staffing biz

Ankit Doshi 8 months ago
Staffing company TeamLease Services Ltd has agreed to acquire Pune-based Evolve...
TeamLease to acquire Keystone Business to boost IT staffing services

TeamLease to acquire Keystone Business to boost IT staffing services

Joseph Rai 1 year ago
Staffing firm TeamLease Services Ltd has agreed to acquire Bengaluru-based...
No Comments

In Charts: How GST could boost hiring prospects across sectors

Powered by WordPress.com VIP