As per a report India can create a record 1 crore jobs into sales over the next three years on regulatory reforms including consolidation of 44 central labour laws into four labour codes as well as through other such similar initiatives.
Also the other reforms that can help in creating jobs are PPC compliance portal, the Factories Amendment Bill 2016, unique enterprise number (UEN), Small Factories Act, employee salary choice, among others as per the Teamlease report. In the report, Rituparna Chakraborty, executive vice-president and co-founder, Teamlease Services is quoted as saying, "By just doing 10 regulatory reforms we can create 10 millions (1 crore) sales jobs in the next three years and this is an opportunity India, which is at a critical demographic crossroad, simply can't lose out on".
Further, some of the following triggers, including increasing middle class, urbanization, GST related steps will give a boost to Indian economy. The companies can capitalize on the opportunity by selling better products at a faster rate to consumers.
Also, she added, "Mumbai being the financial capital of the country is at the hotbed of growth, with a major number of jobs that will be created in the retail and banking, financial services and insurance (BFSI) sector". And the metro city thus has in itself the potential to create as many as 3,60,000 jobs in the sales domain in the next 3 years.
Even in a case when reforms are not undertaken, the financial hub can result in the creation of 90,000 new sales job with a 15% growth in the domain over the next three years time.
In Mumbai, 3,35,000 personnel are employed in the sales domain across sectors and that accounts for 22% of the total 1.5 million sales profiles in India.
With PTI Inputs