Future of Indian Job Market

India considered as a developing country in late 90’s as emerged as one of the strongest nation in this decade and it has shown enough strength in terms of GDP and job growth rate in times of deepest recession hitting the world this year. Thanks to the financial planning and future insight of the intellectuals who are leading this nation.

With new financial district coming in Hyderabad and huge construction activity by largest banks send a positive message to the young graduates that there is growing prospects for the career in banking and financial services. As per the estimates there will be 2, 00,000 new job openings in the financial district by 2010. Likewise the outsourcing in BPO and KPO is significantly increasing its horizon day by day and can be visible by the way the big companies are recruiting. Technology is slow right now with the global financial crisis but as more bailouts ease and the Obama govt takes charge we might expect the normalcy in the next coming months.

Jobs depending on the domestic market are significantly growing in Pharma, Healthcare and Insurance and agri sectors. India visibly will be the future market for jobs in pharmacy and we can expect more outsourcing happening in this area. Likewise we can see the CPO (civil process outsourcing) growing in the Indian market with significant business coming from Middle East market.

On the whole we can say that the future of Indian job market will be vibrant with more fresh recruitments.