Budget 2024: HR leaders rally for tax incentives and skill development focus
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As the interim budget 2024 is just one day away, human resource leaders want the government to prioritise the HRTech segment. Industry captains voiced their hopes for policies driving digital transformation in their sector along with their HR tech partners.
Anshuman Das, CEO and Co-founder, Careernet, wants the government to enhance the infrastructure in Bangalore and similar IT hubs; otherwise, the entire IT industry in India may face challenges.
“Additionally, incentives for companies hiring and training freshers are vital to prevent wage inflation and maintain India’s competitiveness. Rather than direct government spending on IT skilling, redirecting the budget through companies for more meaningful upskilling is recommended. Providing employees with direct tax breaks for upskilling and training expenses is crucial for continuous self-upgradation of the workforce,” says Das.
