rediff.com
News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

Rediff.com  » Business » Good news! India to see 1.6 million new jobs
This article was first published 13 years ago

Good news! India to see 1.6 million new jobs

Last updated on: April 1, 2011 17:47 IST

Image: It's raining jobs in India.
The organised sector in India is set to create about 1.6 million new jobs in the year 2011, reveals the Ma Foi Randstad Employment Trends Survey.

Good news! India to see 1.6 million new jobs

Image: Firms on a hiring spree.

According to the survey of 650 companies across 13 industry sectors in eight major cities indicates that most employers are optimistic with their hiring plans for the current year.

Good news! India to see 1.6 million new jobs

Image: More jobs in hospitality sector.
In early 2010, the survey predicted creation of 1 million jobs for the year. and 1,131,643 jobs were created during the year, with healthcare (254,655), hospitality (160,300) and real estate (129,312)sectors leading the pack.

Good news! India to see 1.6 million new jobs

Image: IT park in Delhi.
The three metros - Mumbai, Delhi and the National Capital Region and Chennai took the top three places generating a total of 255,797 jobs.

Good news! India to see 1.6 million new jobs

Image: Maximum jobs in healthcare sector.

In 2011, healthcare sector will continue to top the table and is expected to generate 248,500 new jobs.

Good news! India to see 1.6 million new jobs

Image: Manufacturing sector expected to perform well.
In addition to top performers like hospitality (218,200), real estate (144,700) and media & entertainment (126,100), manufacturing - non-machinery products sector is expected to perform well, creating 223,400 new jobs.

Good news! India to see 1.6 million new jobs

Image: Mumbai, top job creator.
Photographs: Reuters.
Mumbai, Delhi NCR and Chennai will retain their top slots generating a total of 273,634 jobs among them.

Good news! India to see 1.6 million new jobs

Image: Emerging markets like India to benefit.
Photographs: Reuters.
"We are happy to see that 1million plus jobs will be created in the organised sector for the second consecutive year. The changing market scenario across the globe and the growing significance of emerging markets like India and China has led to many global corporates including these countries, in their growth and workforce strategies. This will have a positive impact and increase our growth momentum," E. Balaji, MD and CEO, Ma Foi Randstad said.

Good news! India to see 1.6 million new jobs

Image: A worker on the roof of a church.
Photographs: Reuters.
However, the biggest challenge is 'Employability', threatening the growth. "I do hope that steps will be taken in the right direction by both the government and the industry to address this issue quickly and effectively," Balaji said.