With the coming New Year, new plans are waiting your attention- related to your career and home. While personal plans, you can definitely execute them, the following post will help you in your career related decisions.
So, if you are looking for a new job or considering switching your job, the year 2015 has a lot to offer in terms of career opportunities in India.Employment Opportunities in 2015: An Overview
‘2015’ is indeed going to be a promising year for the job seekers in India. Several reliable sources have confirmed that over 6 percent economic growth in the next year will generate around 4-5 lakh jobs in India in the next couple of years.
Sectors on Hiring Spree in 2015
Rob Subbaraman, Nomura chief economist, believes that India presents a positive outlook in 2015. The economic reforms in India have transformed the country into one of the rapidly growing economies in the world. Its growing population is its asset, which has the potential to quadruple India’s GDP and take it to the path of developed economies in the future. All this increases the possibilities of creating a productive workforce.
According to CBRE, a global realty consultancy, the IT/ITeS and allied service sectors will constitute a major chunk of the employment opportunities, which will be followed by other sectors such as financial, insurance and banking sectors.
Before you start finding a job in India, here is a list of top sectors that are on the hiring spree in 2015 and beyond:
Information Technology has always been a growing sector in India. It has contributed significantly in changing the country’s image as a global player in technology solution provider. As per the figures suggested by the Indian Brand Equity Foundation (IBEF), the IT industry in India is expected to touch $225 billion by the year 2020. It definitely brings in more job opportunities in the coming year.
The scenario of telecom sector in India is getting better with time. The telecommunication service segment in India is expected to record a revenue growth of 4.2 percent in 2015. The burgeoning enterprise mobility in India is expected to bring significant employment growth in the sector. As of March 2013, the telecommunication market in India includes 898 million subscribers and this huge market has a scope to create more job opportunities.
According to Randstad India, a consulting firm, the telecom sector in India is expected to generate about 40 lakh direct and indirect jobs in the next 5 years. This definitely gives a reason to the job seekers in the sector to smile.
This is a vast sector of India, which contributes about 15 percent to the national GDP of the country and employs a huge workforce after agriculture sector. The retail sector in India grabbed several headlines in the recent past for 100 percent FDI in brand retail. The sector holds strong prospects for employment generation in the future. Industry leaders believe that the industry includes the huge potential to attract more job seekers in 2015, while generating more than 54,000 new jobs over the next 5 years. A wide range of career opportunities would include for fresher’s and senior management professionals.
The infrastructure growth in India has been noticable over the past decade. Today, infrastructure acts as one of the cornerstones of the growing economy in the country. It is a highly fragmented industry, hence it is quite challenging to gauge its size and estimate the exact employment generation every year. However, the government’s plan to ensure rapid progress by maintaining railways, shipping, highways, roads, energy, and aviation ensures the creation of more employment opportunities in the future. Moreover, this sector is expected to maintain a growth rate of 7-10 percent over the next several years.
As per a report by PwC, the global consultancy giant, an estimated amount of $1 trillion will be spent on infrastructure sector in the next 3 years. This will bring in huge investments in several industrial projects, thus creating more job opportunities.
The healthcare sector in India holds huge potential to contribute to the economic growth and employment creation. The boom in medical tourism in India has increased the need for efficient professionals in the industry and well-equipped hospitals. According to a report, 'India's New Opportunities-2020’, the healthcare industry in India has several advantages to emerge as a hub for global medical tourism. It also indicates that more than 40 million jobs will be created by 2020. This also signifies that the employment generation within the industry will be seen at various functions such as operations, human resource, IT, marketing, and sales.
To add to the positive employment outlook in 2015, a recent survey by Towers Watson has estimated a salary hike of about 10.8 percent in the next year. The projected salary hike and more career opportunities await you in the coming year. Go grab the opportunity!