India is a Land of Billion Opportunities

India is a land of Billion Opportunities. With average GDP growth rate touching 7.5%-8.0% from Past decade India’s Growth story is here to continue.
Between the year 2010 and 2030 India will add 241 Million people in working age population
(Between the age group of 20-35 years.) This is a huge opportunity for India Inc. (Popular phrase for Corporate India)
Global recession is in our backyard now. By the end of 3^rd quarter of 2011 global economy has shown Positive movements. Though India is not much affected by these global trends, effects were felt.
Post recovery Sectors like Infrastructure, Pharma, Hospitality, Logistics, Retail are becoming hot sectors.
Even recession prone sectors like IT&ITES, Telecom. Truism, Auto, Aviation, Real estate, Banking and Finance showing sign of recovery and started growing at a healthy rate.

If we look at sector wise growth Potential and Possible Job creation potential Manufacturing, Hospitality, Retail, IT & ITES, Health care are leading Followed by sectors like Banking, Telecom and Infrastructure.
Niche areas like Media, Entertainment, Animation, Energy, Public administration will also be in demand.
As per the study conducted by Mo-Foi Randstand Employment survey – a largest study on Indian employment trends across 650 companies in 13 different sectors, India will add more than 2 Million job opportunities in the financial year 20111-12.

Employment trends in Different Industry segments are as bellow


Other sectors will add another 8-10 Lacs employment.
In the functional areas Sales and Marketing will add up highest number of employment followed by Engineering (Manufacturing) , IT&ITES, Finance .
Areas like administration, HR related functions may shrink as compared to previous years.

Junior Level (0-3 years of experience) and middle level (3-8 years of experience) will have highest number of employment opportunities.
Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Pune, Kolkata are hottest destinations in the order of employment creations. New destinations like Gurgon, Noida, Bhopal, Faridabad, Mangalore, Mysore, Madurai, Raipur Tiruvanantapuram, and Bhubaneswar are also offering great opportunities.

Does all these information means we have enough Jobs???

NO!

We have discussed on the demand side of employment now we will look at the supply side.

India Produces around 4, 50,000 Engineers, 2,80,000 Management graduates and more than 4 million degree holders like BA, BSc, BCom, BBA, BBM, etc…. Adding to this another 16 million
It means though millions of jobs are available, choice still lies with the Employers not Employees!

What Global recession taught the corporate India is “FASTER, CHEAPER and BETTER “
As the business environment becomes more global, corporates are also benchmarking their standards to global level and expect the same derivability from the Employees.

When we look at our output from educational institutions most of the students who are aspiring to become employees’ posses’ skill which are either out dated or there is a big skill gap. We are not discussing the technical skills or theoretical knowledge, It is Employability skills.

Many top corporate executives from India and abroad have expressed their dissatisfaction in open forums about this gap. They even say almost 70% of the current students are lacking employability skills.

WHAT ARE THESE SKILLS????

WATCH THIS SPACE FOR NEXT ARTICLE WHERE WE WILL UNDERSTAND EXPECTATIONS FROM THE CORPORATES.

HOW TO IMPROVE YOUR EMPLOYABILITY SKILLS?

from:  Tools Academy for Career Excellence
         
          Tools Academy - Career Advisor