Wednesday 1 April 2015

Current job scenario in India

As per general survey conducted, the current unemployment rate in India has been reduced slightly as compared to previous years and is around 4.8 percent, which states that recruitment activities across various sectors in our economy are gradually picking up and is also expected to rise further in the upcoming years for various reasons.

The general economic slowdown that existed for a certain span was caused due to number of reasons mainly, the US recession that existed between end of 2007 to mid of 2009 have shown its impact in various sectors such as banking, finance, real estate, etc. which were affected badly in US and soon the impact was felt in other parts of the world too which resulted in global crisis and affected the job market in a severe manner such as reduction in manpower, reduction in salary structure and employee benefits etc.
The job market then experienced an oversupply of skilled manpower causing increase in unemployment in various part of India and other nations.

At present, the job market in India as a whole is showing improvement and the new Government is focused towards various ways to enhance the development process and is taking measures to promote growth in various sectors such as manufacturing, IT, construction, automobiles, aviation, etc. People are looking forward towards development and implementation of new policies and reforms which shall boost the economic condition, improve the living standard of people, create new employment opportunities by bringing new projects and encouraging foreign investments in various sectors.

Another important initiative taken by the Government is PM's Make in India campaign which is designed to transform India into a global manufacturing hub and base of economic growth in Asia and the world will not only encourage production and new investments but also will increase demand in the job market and hence create new job opportunities for a huge mass in various sectors in India.

Apart from this there is also a rising concern among the employers for skill gap since positions are left vacant in top companies due to lack of skilled manpower, therefore the Companies / Government should also focus on skill development of manpower by investing more on training programs and hence increase productivity.




 

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