Read the heading again. Well, this is what is being projected by the government and economists. The optimistic mindset is a result of the country's stellar performance over the last few months, with its GDP bordering on 7.6 percent. Even Senior Vice President of World Bank and chief economist Kaushik Basu has given his nod for the prediction that India would be among the fastest growing economies in the world. Numerous surveys by portals have added credibility to the reported shine in the job scene. According to Manpower’s Employment Outlook Survey, the country is the most optimistic amongst 42 nations globally, as far as hiring is concerned.So now that employment opportunities are projected to be on the upswing, is it the same for all sectors.
No, say industry experts, adding that only a handful of spheres will be benefited by the overall growth. These are listed below: Ever since the dotcom boom, information technology has never failed to live up to its expectations of a highly lucrative industry, but for the 2008 recession. Now with the plethora of opportunities that is likely to pop up with the reported growth, IT too will be benefited, say experts.
But there is a catch, as this time, the growth will trickle down to the SMAC sector- Social, Mobility, Analytics and Cloud. The cloud, in particular, will be buzzing with activity in the coming years, thus providing employment to thousands in the process. On the candidate front, one needs to brush up skills in this SMAC segment. Once you do that, be ready to get paid by the best in the industry!
Another equally significant field is the banking and financial services industry.Going by what economists say, the poor performance of public sector banks in the last quarter, is only a phase, and that the industry is said to take giant strides in the forthcoming years. Providing testimony to this is the statistic that the sector has contributed over six percent to the total GDP of the country.
Similarly, insurance companies too are gearing up for high action, with the government’s nod to raise FDI cap to 49 percent. With the subsequent capital inflow, sky is the limit for these firms, it is said.
But the key is to equip oneself with the latest in the industry, and shun the conventional methods of training.
Moving on, one industry that always bounces back from the pits is the automobile and auto components sector. And the coming years, in particular, are sure to be a golden opportunity for enthusiasts, with the increased demand for vehicles, after the ban on 15-year-old commercial vehicles. Experts feel that this field is likely to generate $300 billion as annual revenue within the next decade. This would ultimately result in close to 65 million jobs. However, only skill upgradation can help one stay afloat in this highly competitive automobile sphere.
Lastly, one of the most underrated industries is the health care sector that co-exists with life sciences. With the centre giving increased importance to pharma, it is expected that the field will see a huge rise in money inflow and employment opportunities in the coming years.This is evident from the healthcare spending by governments across the world, say many.In addition to this, is the medical infrastructure segment that has seen gargantuan growth of late.Sources say that about $200 billion will be pumped into the sector, that will result in an upgradation of the facilities at hospitals. Those interested to make it big in the health sphere can keep an eye on Gujarat and Maharashtra where about a half of pharmaceutical majors are based.
