India Job Market



The growth in India’s economy has helped bring about a tremendous growth in the manufacturing, banking and services sectors in the country. The job recruitment market here is set to grow at 20 per cent annum and touch the Rs 2000 crore mark in five years from the present Rs 1000 crore. The country’s manufacturing sector is growing at eight to ten per cent and is expected to generate 0.5 million employment opportunities alone.

A number of companies in India are recruiting thus keeping the job market going. Among these, the leading names are IPSOFT, Capgemini, firstsource, ConnectM, IBM and GlobalHunt. These companies are making sure that the job market scene in India is hale and hearty. As of now, the leading job categories in India are accounts and tax and audit, media and marketing, agent, airlines and reservation and travel and anchoring and television andfilms. However, some other jobs are also gaining in prominence, of late, like architecture and interior design, banking and insurance, call center and telecalling, content and editing and journalism and corporate communications and public relations.

In the automotive and engineering section companies like Applied Materials, Maruti Suzuki and Piaggio are offering jobs. India Infoline and ICICI Prudential is coming up with jobs in the banking finance section and Genpact and Sys Information are the names to reckon with in the business process outsourcing section.

In India there are a number of websites that are allowing qualified people to look for jobs and get one that suits their requirements. Some of the major job sites of India are naukri.com, timesjobs.com and monsterjobs.com. However, there are other sites as well like 2myjobs.com, CareerAge, 3pjobs, CareerFinance, A1jobindia.com and Career India. However, some other sites have gained in prominence such as Alltimejobs.com, CareersIndia.com Pvt Ltd., Careers 1000 and Careers And Business.


 
There are potentially many opportunities to be found in India, but there are also some barriers for UK/EU applicants.

* Typical problems encountered: Many large businesses go for ‘fresher recruitment’, targeting students at the top Indian universities during their final year. This only accounts for a relatively small percentage of vacancies, but UK/EU students are excluded from this process. Personal referrals are an ever popular way of filling positions, and this puts overseas applicants at a disadvantage.
* How to improve your chances: Indians often have one to three years’ experience or a Masters or MBA qualification, so getting some work experience or a professional or post-graduate qualification may be advisable before you make applications in India. Networking and making contacts is key to finding out about vacancies and securing personal referees. ‘Looking for Work in India’ is a useful publication available from Expertise in Labour Mobility.
* Language requirements: Eighteen languages and thousands of dialects are spoken in India, but English is widely used for business communication. It is also the language of instruction in Indian universities and many university-educated Indians speak English both at work and at home. You will be able to get by with English in the major cities, but few people in rural areas can communicate in English.

About India :

India is the seventh-largest country by geographical area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; Bhutan, the People’s Republic of China and Nepal to the northeast; and Bangladesh and Burma to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; in addition, India’s Andaman and Nicobar Islands share a maritime border with Thailand and Indonesia.


According to a 2011 PwC report, in terms of PPP, India’s GDP will overtake that of Japan in 2011 and by 2045, India’s GDP will surpass that of the United States. Additionally, over the next four decades, India’s average annual economic growth rate is expected to stand at about 8% and therefore, it has the potential to be the world’s fastest growing major economy over the period to 2050. The report also highlighted some of the key factors behind India’s high economic growth rate — young and rapidly growing working age population; growth of manufacturing sector due to strong engineering skills and rising levels of education; and sustained growth of consumer market due to rapidly growing middle class population. However, the World Bank suggests that for India to achieve its economic potential, it must continue to focus on public sector reform, transport infrastructure, agricultural and rural development, removal of labour regulations, education, energy security, and public health and nutrition.

 

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