Manpower or job scenario in India after a big jolt of economic recession is again picking up, giving a sigh of relief to the job seekers. Also according to NASSCOM, after the economic recession, an upward trend will be seen in the business and particularly in the field of outsourcing and engineering sourcing.
Although the recession period lasted so long yet there are many industries in India and across the world that are employing the manpower consultants thus changing the job scenario.
One of the biggest hiring during this time is done by the telecom industry in which Sistema Shyam Teleservices Ltd and Aricent are the top most companies that are on hiring spree. As per the manpower consultants in India, overall telecom companies require around 1,50,000 employees, which is a big number in itself. There is an addition of new players and even the existing telecom companies are scaling up their employees and headcounts. Along with the number of employees, the teledensity has also gone up from 36.98% to 37.94%. The number is given by the Telecom Regularity Authority of India.
After this comes the banking jobs that give positive signals in terms of jobs even during economic crisis. According to the survey on “Headcount Expansion Activities” done by Assocham it is found that in the first quarter of this fiscal year the banks have generated many jobs and hired about 16,000 employees. Only the State Bank of India has announced 13,000 jobs which is followed by Danalakshmi Bank, Andhra Bank and Yes Bank.
Banking sector is followed by IT/ITES sector in terms of hiring professionals and increasing their manpower. There has been seen huge expansion in Wipro Technologies especially in its outsourcing sector. After this comes the Directi, CPA Global, NetEnrich Inc and iGate Global Solutions Ltd . Manpower from India are required in the field of IT services, software products, e-businesses and IT enabled services. Pharmaceutical industry is also one of the top most sectors to hire manpower even during the hard times. Pharmaceutical industry is growing very swiftly with the growth rate of 8-9% annually and it worths about $4.5 billions.
In terms of growth also comes the steel, aviation and consumer durable industry that are growing swiftly and leading to the change in the job scenario in India.