Quite a number of decades have passed since the country gained its independence from colonial rule. A lot has changed since then. One of the most positive changes in this regard is that the nation has moved from being a third-world country to one of the fastest growing global economies. A country that was primarily agricultural based has today expanded its horizon and has become a force to beacon in many other sectors as well.
The biggest strength of this nation lies in its youth. A major chunk of the Indian population is below the age of 30. This is the section that is ready to toil hard and carve a niche for them. It is in their path of personal growth that the nation sees its collective growth.
Now talking about professional growth, there are certain sectors that are developing faster than that of the others. In the context of 2018, the hiring trends are indeed up for a change. This article explores the top 5 sectors wherein the maximum amount of growth and development is anticipated in the coming months.
Although the article has been written keeping the Indian economic scenario in mind, its observations may well be expanded to the global situation.
1. HR automation
The benefits of automation are not hidden from any of us. In the recent months, the implementation of the same in the world of human resources is being explored and the same is only expected to rise. The implementation of HR automation is expected to change the very outlook of the staffing and recruitment industry.
Today, the advent of artificial intelligence is so vast that there are a number of smart tools which can reduce human labour and ensure that only the most suitable candidates are hired for the said positions. To be able to develop the smart tools and maintain the same, a number of developers, testers, service engineers, HR professionals and others will be required.
In such a situation, jobs in this sector are expected to rise which will naturally lead to recruitment getting a much-needed boost.
As of March 2018, there are more than 850 million mobile phone subscribers in the country. To make matters more interesting, the smartphone penetration is over 15% in the last financial year and the trend is only expected to rise in the coming years. The Telecom Regulatory Authority of India (TRAI) is expecting a tenfold rise in the number of people using smartphones in the next 3 years.
In a situation like this, it is obvious that a huge manpower will be required in order to maintain the service and keep up with the expected growth. This includes the employment of both skilled as well as unskilled labour, all of which will make this sector one of the most looked upon sectors of the Indian economy.
Since ages, Indian healthcare has been the envy of the world. Speaking from a scientific point of view, since the Vedic Era, Indians have always pioneered medical advancements. Today, the same sector is one of the largest revenue-generators in the country's economy. Doctors, paramedical personnel, nurses, ambulance drivers and ward boys all fall under the category of employees of this sector.
With medical treatment and medical educational services being made available in the country at a fraction of the rate of that in developed countries, India is all set to become a global hub for medical tourism. This trend has already started and the same is expected to continue in the months ahead.
As a direct consequence of the same, jobs in this sector are increasing by the minute and the reflection of the same will be seen in the recruitment trends of the coming few months.
This is one sector where there has been a major shift in the policies in the last few years. In the past, this sector was dominated solely by a government enterprise. Today, there are a number of private and PPP (public private partnerships) ventures here. As a result, the sector has become fragmented and the number of job opportunities here has increased by leaps and bounds.
Roads, highways, aviation and shipping are sectors that are directly related to that of the infrastructure sector for their respective growths. With urbanisation taking a toll on the country's economy, more and more malls and well-planned concrete jungles are coming up in the cities. Most of these works are carried out by private construction firms that employ hundreds of people.
Energy, power and oil and gas sectors are also progressing and that would again require both skilled and unskilled labour from the infrastructure sector. As of FY 2017-18, the growth of the infrastructure sector has been around 8.5% and the same is expected to continue in the coming months as well and thereby, provide employment opportunities to many people here.
This is another sector that has been in the news in the past few months for all sorts of good reasons. The massive expansion of the retail sector in India has fostered the creation of a better-organised and stronger industry that is capable of providing employment to millions of youngsters all over the nation.
There are a very few international retail brands who have not made their presence felt in the Indian market and their penetration is expected to run deeper in the coming months and years. As of May 2018, only about one-third of the retail industry in India is organised. In spite of that, as of now, it employs over five lakh people.
This includes everyone from the sales boy and the cashier to the managers and members of the board of directors of the top retail chains. With talks of 100% FDI expected to take in single-brand retail in the country, we can expect this sector to take over the recruitment market by storm in the coming seven to eight months.