Incentivizing affordable housing developments could stimulate the real estate sector, which employs over 80 percent of the labor force within construction. This would provide a significant boost to job creation across various skill levels.
Establishing IT hubs in tier-2 and tier-3 cities and Global Capability Centers (GCCs) in smaller cities would reduce pressure on Tier-1 urban centers and increase job opportunities in underserved areas.
Shifting fiscal incentives toward labor-intensive manufacturing sectors, such as textiles, food processing, and furniture, could support job creation for low- to middle-skill workers.
This story is from the November 03, 2024 edition of The Business Guardian.
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This story is from the November 03, 2024 edition of The Business Guardian.
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