Union Budget 2025 |HR sector deserves to be given an industry status, says Biz Staffing Comrade managing partner Puneet Arora

Finance Minister Nirmala Sitharaman will present the 8th consecutive Union Budget on February 1, 2025. Reports suggest that the government is mulling over cutting income tax for those who are earning up to Rs 15 lakh a year in February's budget, in turn providing relief to the middle class.

The IT sector has pinned high hopes on the Union Budget FY 2025-26 documents and is keeping its fingers crossed regarding their expectations from the government's most important financial document of the year.

Puneet Arora, Managing Partner, Biz Staffing Comrade Pvt Ltd says--

"The growing skills gap, job flexibility, shifting organizational priorities and the rise of AI are reshaping business, markets and the talent landscape right now.

Organizations continue to prioritize upskilling, reskilling and cross-skilling their existing workforce to bridge skill gaps, especially in tech and other high-demand sectors and are currently shifting from credential-based hiring to a skills-first approach. 

As skilling in the new and emerging technologies becomes the need of the hour for various industries, we expect the Union Budget 2025 to allocate more funds into a structured and comprehensive skilling programme.

Simultaneously, encouraging deductions for training courses will promote professional development and lifelong learning, enhancing individual career growth and overall workforce competitiveness.

We also expect measures around employee welfare and taxation, formal job creation opportunities, reducing compliance complexity etc. The staffing industry plays a critical role in opening employment opportunities, helping the organisation to build their business, developing a talent pipeline and thus fueling economic growth.

Hence this industry deserves to be given an industry status. Sustainable employment generation and micro-entrepreneurship are crucial for driving India's economic growth and development. 

It is also important to take proactive measures to encourage women to re-enter or remain in the workforce as this will contribute to a more balanced professional landscape.

While the government has been providing impetus towards job creation through several initiatives, it is important that the Union Budget 2025 lays a strong roadmap for economic growth and continues the momentum to create new job opportunities across sectors. 

The upcoming budget also presents a crucial opportunity for the government to chart a path towards sustainable and inclusive employment growth, ensuring that the benefits of economic development are widely shared."

Union Budget 2025 | Nirmala Sitharaman, who continues to be Finance Minister, will present her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', reports suggest there might be a tax relief for those making up to Rs 15 lakh per year. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.