“We are expecting an annualised growth to the tune of 10 -13% in formal job creation on account of GST,” Chakraborty said. GST is expected to create significant job opportunities as the businesses will need to hire professionals for dedicated GST management, upgradation and reconciliations. This would help in better execution of all government initiatives and propel formal job creation,” Monster.com’s APAC and Middle-East MD Sanjay Modi said. LabourNet Services India co-founder and CEO Gayathri Vasudevan also said hiring is expected to see a significant rise across sectors. However, once the transition phase eases out, in the long run, GST will add momentum to the entire hiring landscape,” Vasudevan said.

Source: Mint June 25, 2017 05:51 UTC