Rising Opportunity in Manufacturing Sector

After the gloomy days of demonetization, the Indian industry is likely to see a better year ahead. The Government is already working to encourage the industrial growth in India for generating revenue and creating jobs for the youth. On one side it is supporting the start-up ventures by Make in India initiative, and through the initiative schemes like PMKVY, the government is creating skilled people to speed up the growth of the newly formed or well-established business. These initiatives are now bearing fruits regarding job creation. In a recent survey executed by Times Jobs and Outlook, the hiring activity will increase by 10-15 % in the country.

The sectors like IT, telecom, manufacturing and healthcare will be the major recruiters in the upcoming months. The survey covered more than two thousand employers across India about the employability in different sectors. The findings of the survey suggest the creation of the highest number of jobs in the manufacturing sector. Nilanjan Roy, head of the strategy, Times Business Solutions said that there is a clear paradigm shift in the Indian economy and with governmental support Indian economy will steer itself for strong growth that will have a positive impact on job creation in the year 2017.

The survey also revealed the desire of around twenty per cent employers to hire young professionals with less than two years of experience. The metropolitan cities will be the major job providers in the year 2017. The positive impact of demonetization is the lower interest rates of loans that will help in the establishments of medium and small-scale enterprises. The finance minister Arun Jaitley has also expressed his expectation of job creation from the manufacturing industry. It is perhaps the strongest alternative fighting with the post demonetization slow down looming over Indian economy.