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Exploring the Burgeoning Indian Employment Market

Quoting trade-analyst.com:

“Studying the trends of various sectors, the media & entertainment industry has rocketed a 62% growth. Robust growth is exhibited by almost all the industry sectors monitored by the index like IT/ITES, Healthcare, Engineering& Construction, Production & Manufacturing, Travel and Education which indicates that the business sentiment is turning positive. We are hopeful that things will further improve in coming months.Ache din aane walen hain. said Sanjay Modi, Managing Director, Monster.com (India/Middle-East/Hong Kong/South-East Asia).”

 

Image credit: trade-analyst.com

Buoyed by news that Indian employers expect a vigorous fourth-quarter hiring pace, employment prospects in the south and west of the region look remarkably rosy for jobseekers.

Surveys reveal hiring confidence in India is high, especially compared to typically stronger countries, including Spain, Italy, Ireland, Czech Republic and Finland.

Considering the installation of a new government in India, expectations of a rapid economic resurgence has galvanised hiring hopes, with renewed optimism spreading right across the country.

Indeed, opportunities are growing in various sectors, as the government aims to stabilise the rupee in the international market and promote the use of technology in the government sector.

In an effort to address the country’s widening skills gap, the government is also determined to develop vocational skills as a matter of urgency.

However, youth unemployment in the country is still a massive concern.

 

The Battle to Keep Employment Rates Constant

High working poverty, unemployment and hazardous work conditions are just some of the issues facing young people in the developed world.

Additionally, according to the 2013 World Development Report, it’s estimated that in order to keep employment rates constant, over 600m new jobs will have to be created in the next 15 years.

In an interview with The Guardian, Saket Mani, the children and youth representative at the UN, stated that unemployment rates for young male graduates in India’s urban areas are especially high.

Interestingly, the Youth Employment and Unemployment Scenario 2012-2013 shows illiterate youths are more likely to be in employment than someone with an education.

But what can be done?

According to Saket, the education system should work to prepare young people to meet the demands of employers, with more businesses recognising the need to invest in the country’s youth.

 

Putting Recruitment in the Hands of Experts

For businesses to find suitable employees and employees to find suitable employment, the reliance of recruitment agencies to bring the two together is growing.

With jobs available in a variety of sectors, it can undoubtedly be overwhelming for an inexperienced young graduate making his or her way in the employment realm.

Importantly, however, recruitment agencies actually make it incredibly easy for Indian jobseekers to find suitable employment.

Whether it’s a finance role, a position in IT or a move into marketing, it’s clear that India’s progression will, ultimately, rely on its highly educated youth being given their chance to shine.