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September 05, 2005
Indian experiencing massing jobs boom
India is experiencing unprecedented jobs boom accross almost all industry groups amid strong domestic economic growth (GDP growth averaging 6t.9%) combined with a vibrant service oriented export market.
The ICT sectors are leading this boom in job creation. The software industry alone is expected to create 120,000 new jobs. The business process outsourcing industry is expected to hire 150,000 people; more than 25,000 new sales, customer service and engineering jobs will arise in the telecom industry.
IT, IT enabled services and telecom are the top three areas where job creation is strongest. Software giants like IBM (nowadays jokingly referred to as Indian Business Machines), Infosys, Wipro and Tata Consultancy Services have projected that they’ll be hiring upward of 13,000 people each year.
In addition to technology related sectors, discount airlines, retail and financial services are demontrating growth.
Posted by admin at September 5, 2005 08:00 AM