Monday, November 01, 2010

2.3 Lakh jobs to be created : Ernst & Young  

It is estimated that 2.3 lakh jobs would be created by in six sectors namely Healthcare, Realty, IT/ITeS, Banking, Education & Training, Manufacturing, Financial Services and Insurance during the last three months of 2010.

This has been made possible due to the recovery of domestic economy. Headcount in local industries is expected to rise in the coming months. All this was reported by Ernst & Young's Partner, National Head and EMEIA Leader to PTI. 

It is projected that 60,000 jobs would be generated in the healthcare industry in fourth quarter of 2010 whereas 50,000 would be generated in Real estate and IT/ITes sector. The healthcare industry shows such a bright future due the demand and supply gap. Moreover investments in this sector are also increasing. Another factor that has contributed in the growth of this sector is the rising number of government schemes.

30,000 jobs would be generated in Education & Training and 20,000 people would get jobs in BFSI sectors.

A bullish recruitment trend is seen in public sector companies which can speed up the hiring process in the last few months of present year.

Jobs are growing in the banking sector because there new branches are being opened up and the retired staff is being replaced.

The worth of the education market in the country is expected to be around $40 billion. Thus this sector also has great employment potential.  

Source: Times of India   

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