The recovering economy in India and all over the world does include a rapid job hire in particular fields such as healthcare, IT Jobs and many more. India being one of the worlds fastest growing economies, is taking lead in increasing GDP and investments.
India has marked its place to the league of developed economies over the next decade. However, this is possible when the transformation of a productive workforce comes in place. With opportunities, come challenges.
Here in this article, we shall discuss the top 5 sectors that help the economic growth with huge resources being hired.
We know that the IT sector has a great demand worldwide, along with growing interests in India. The Tech Jobs are contributing to changing India as a global player in providing world class technology solutions.
IBEF (India Brand Equity Foundation) has reported that the Indian IT industry has touched expected numbers of $225 billion by 2020. Besides, NASSCOM and Industry experts said the Indian IT workforce touched 30 million by 2020.
The telecom sector is witnessing a glowing future too. Zinnov estimates predict that India already has nearly 850 million mobile phone subscribers; with a 15% smartphone penetration, and this might grow in the future with the need for more employment.
A better increase is expected by the Telecom Regulatory Authority of India (TRAI) in broadband subscribers. Outsourcing revenues from the telecom sector, as per E&Y, are set to grow at a spiked CAGR.
The need for healthcare has been growing since the COVID-19 pandemic broke out. This has turned out to be one of the major sectors around the globe, that stimulates economic growth and contributes to employment.
Organizations such as Boston Consulting Group and the Confederation of Indian Industries (CII), All India Management Association reckon the growth in opportunities. Especially in developing countries like India, the scope for jobs is too high.
Jobs Near Me website lays a great way for finding opportunities across any fields including construction or infrastructure. The infrastructure industry in India is highly fragmented and hence difficult to predict the numbers of job requirements.
The various departments include roads and highways, aviation, railways, shipping, power or oil & gas, energy that are making rapid progress. The infrastructure sector in India will need to continue its growth momentum over the next 10 years and is likely to do so.
Last but not the least, Retail has been in huge demand as most people are staying at homes since an year. While the outcome is still undecided, the opening up of India's retail will create a stronger, organised industry that will help in generating employment.
However, only a small part of retail in India is organised. Leaving this aside, it is estimated that the sector in India is worth more than $400 billion, with domestic and international players planning to expand across the country.