Industries that Have Secure Job Opportunities in India

In what may be termed as a positive update during the uncertain and tumultuous times that the industry, in general, is going through - a study has fund that hiring is set to increase in the upcoming days and job opportunities in India will witness as uptick. TeamLease Services, in its "Employment Outlook Report'' has stated that hiring intent in India has steadily increased over the past year. While only 54% employers were looking to increase their resource pool across industries in Q1 in 2022, hiring intentions in Q1 April June FY23-24 is 10% higher, and stands at 64%.

Sectors that Offer Secure Job Opportunities in India

Although there is an increased demand for both entry and junior-level employees in service and manufacturing sectors, the services sector has higher levels of hiring intent than the manufacturing sector the report has found. Some of the key industries leading the hiring spree and offering job opportunities in India are as follows:

• Telecommunications (96%).
• Financial services (93%).
• Ecommerce and allied start-ups (89%).
• Retail (87%).
• Education services (83%).

As far as the manufacturing sector is concerned, some of the prominent industries that are hiring are:

• Healthcare and pharmaceuticals (91%).
• FMCG (89%).
• EV and infrastructure (73%).

The report has also found from a sectoral perspective, in Metro and Tier-1 cities, the hiring intent for services is at (91%) and for the manufacturing sector is at (85%). Tier-1 cities like Delhi (95%) and Mumbai (92%) in services and Mumbai (98%) and Chennai (91%) in manufacturing are thriving mainly across financial services, telecommunications, information technology and manufacturing, engineering and infrastructure, FMCG, healthcare and pharmaceutical, respectively. However, rural hiring intentions are the lowest across all geographies and sectors. The services sector, on the other hand, shows a marginal growth of 26%.

Kartik Narayan, CEO – Staffing, TeamLease Services has attributed this new development to the changing global investment dynamics and the precautionary measures that businesses are taking. As far as the attrition trend is concerned, the services industry is seeing a low talent retention rate, especially in growth businesses (11%) and mature businesses (15%) whereas the manufacturing industry is observing a positive increment across segments like textile (2.23%), power and energy (6.47%), and manufacturing, engineering and infrastructure (8.14%), the same industries had observed the attrition  of 1.22%, 5.63%, and 7.51 respectively in October to December, 2022.