The following 8 sectors show great promise amidst pall of gloom and doom.
1. Financial Services
The TeamLease report says the financial services sector makes the most of the cashless environment. Employment outlook for the financial services sector jumped by 5 points from 76 in October 2016-March 2017 period to 81 in April 2017-September 2017 period. Fintech and mobile wallets are a big beneficiary of the recent developments following demonetisation. Banks and brokerage firms plan to build digital banking and financial research teams.
2. Health & Pharmaceuticals
Employment outlook for the health & pharma sector is up by 3 points from 94 in October 2016-March 2017 period to 97 in April 2017-September 2017 period. The reason is businesses in this sector are set to scale as significant foreign investments are being planned. The government's initiatives in improving affordable healthcare and establishing new educational institutes will drive talent demand. This sector is likely to see a job growth of 13.67%.
3. Knowledge Process Outsourcing
The KPO industry, as a whole, is exhibiting robust growth and is set to add close to 150,000 professionals on its payrolls during the coming financial year. With an unabated demand for big data analytics, the demand for data scientists continues to outstrip supply. The job growth is likely to be 14.77%. Employment outlook for the knowledge process outsourcing sector is up by 3 points from 90 in October 2016-March 2017 period to 93 in April ..
4. Telecommunications
The hypercompetition unleashed by Reliance JIO and the recently announced merger of Idea and Vodafone would give rise to frenetic hiring activity. Focus on digital technology and mobile app development is expected to drive employment. Employment outlook for the sector is up by 3 points from 87 in October 2016-March 2017 period to 90 in April 2017-September 2017 period. The job growth is likely to be 11.18%.
5. E-commerce & Technology Startups
After a downturn in 2016, jobs in e-commerce & technology startups are likely to grow 14.94%. Employment outlook for the sector is up by 2 points from 91 in October 2016-March 2017 period to 93 in April 2017-September 2017 period. Notwithstanding last half-year's meltdown, the sector is back up on its feet again and is already hiring, albeit in relatively modest numbers.
6. Media & Entertainment
The sector is attracting substantial investments in theme parks and expansion of multiplexes, and is expected to create significant number of jobs over the coming HY. The government's approving of the model Shops and Establishments Act would allow cinema halls to remain open round the clock, and potentially increasing jobs.
7. Retail
The successful public offering from D-Mart, and subsequent scaling of the hitherto conventional retailer, is expected to invite competitive reaction and increase talent demand. Warehouse consolidation and hassle-free supply of goods, enabled by GST, is slated to expand the sector and, therefore, create jobs. Employment outlook for the sector is up by 1 point from 91 in October 2016-March 2017 period to 92 in April 2017-September 2017 period.
8. Information Technology
In perhaps a very long period of time, the sector is witnessing a lull in hiring, due to the combined effects of the US government's restrictive policies and automation. With more and more IT services companies emulating Infosys in upskilling their workforce, and with the tech startup scene being dull, talent demand is expected to plateau in the short term.
1. Financial Services
The TeamLease report says the financial services sector makes the most of the cashless environment. Employment outlook for the financial services sector jumped by 5 points from 76 in October 2016-March 2017 period to 81 in April 2017-September 2017 period. Fintech and mobile wallets are a big beneficiary of the recent developments following demonetisation. Banks and brokerage firms plan to build digital banking and financial research teams.
2. Health & Pharmaceuticals
Employment outlook for the health & pharma sector is up by 3 points from 94 in October 2016-March 2017 period to 97 in April 2017-September 2017 period. The reason is businesses in this sector are set to scale as significant foreign investments are being planned. The government's initiatives in improving affordable healthcare and establishing new educational institutes will drive talent demand. This sector is likely to see a job growth of 13.67%.
3. Knowledge Process Outsourcing
The KPO industry, as a whole, is exhibiting robust growth and is set to add close to 150,000 professionals on its payrolls during the coming financial year. With an unabated demand for big data analytics, the demand for data scientists continues to outstrip supply. The job growth is likely to be 14.77%. Employment outlook for the knowledge process outsourcing sector is up by 3 points from 90 in October 2016-March 2017 period to 93 in April ..
4. Telecommunications
The hypercompetition unleashed by Reliance JIO and the recently announced merger of Idea and Vodafone would give rise to frenetic hiring activity. Focus on digital technology and mobile app development is expected to drive employment. Employment outlook for the sector is up by 3 points from 87 in October 2016-March 2017 period to 90 in April 2017-September 2017 period. The job growth is likely to be 11.18%.
5. E-commerce & Technology Startups
After a downturn in 2016, jobs in e-commerce & technology startups are likely to grow 14.94%. Employment outlook for the sector is up by 2 points from 91 in October 2016-March 2017 period to 93 in April 2017-September 2017 period. Notwithstanding last half-year's meltdown, the sector is back up on its feet again and is already hiring, albeit in relatively modest numbers.
6. Media & Entertainment
The sector is attracting substantial investments in theme parks and expansion of multiplexes, and is expected to create significant number of jobs over the coming HY. The government's approving of the model Shops and Establishments Act would allow cinema halls to remain open round the clock, and potentially increasing jobs.
7. Retail
The successful public offering from D-Mart, and subsequent scaling of the hitherto conventional retailer, is expected to invite competitive reaction and increase talent demand. Warehouse consolidation and hassle-free supply of goods, enabled by GST, is slated to expand the sector and, therefore, create jobs. Employment outlook for the sector is up by 1 point from 91 in October 2016-March 2017 period to 92 in April 2017-September 2017 period.
8. Information Technology
In perhaps a very long period of time, the sector is witnessing a lull in hiring, due to the combined effects of the US government's restrictive policies and automation. With more and more IT services companies emulating Infosys in upskilling their workforce, and with the tech startup scene being dull, talent demand is expected to plateau in the short term.
