General Industry trends

IT industry

Industry highlights in 2012

The IT/ITeS sector has led to employment opportunities, both direct and indirect, of nearly 2.8 million and around 8.9 million respectively. Industry to maintain double digit growth despite slowdown (Projected growth 16%)

Domestic market to grow better than export markets due to steady demand

Service Sectors BFSI, ITeS, Auto: On the slow track

BFSI: It's a challenging time for sectors like BFSI, which have been severely affected by the slowdown.

Anuranjita Kumar, country human resources officer at Citi India expects the hiring outlook in 2013 to be largely stable or decline marginally in the absence of aggressive hiring by most large companies in the sector.

Liberal policies, Government support and huge development in other economic segments have made the Indian banking industry more progressive and inclusive with regard to global banking standards.

ITeS
ITeS, on the other hand, is likely to see flat manpower growth in the coming year with an increased emphasis on lateral and specialised hiring in the first few quarters.

"Companies have been sitting on large fresher hiring and will have budget cuts in the new year. They will be looking at lateral hiring because clients will demand specialised skills that will have to be delivered in lesser turnaround time,"

Auto

Industry experts Estimates a flat 8 % to 10% growth in the auto sector. Mahindra & Mahindra does not anticipate a significant growth in headcount. Customers are waiting and watching the situation not taking busying decisions

FMCG, Retail, healthcare: More room

Hiring is estimated to continue unabated in FMCG, often referred to as a slowdown-proof sector.

"The growth is expected to continue in the Long Term

Retail

Retail industry, being the fifth largest in the world, is one of the sunrise sectors with huge growth potential and accounts for 1415% of the countrys GDP. Comprising of organized and unorganized sectors, Indian retail industry is one of the fastest growing industries in India, especially over the last few years. According to the Global Retail Development Index 2012, India ranks fifth among the top 30 emerging markets for retail. The recent announcement by the Indian government with Foreign Direct Investment (FDI) in retail, especially allowing 100% FDI in single brands and multi-brand FDI has created positive sentiments in the retail sector.

Health Care

Pharma and healthcare are expected to witness robust hiring and salary hikes in the range of 10-15% in year 2012. India will see the largest number of merger and acquisitions (M&As) in the pharmaceutical and healthcare sector in the coming years, according to consulting firm Grant Thornton.

The Indian healthcare industry is showing a strong upward trajectory and the sector is expected to touch US $ 238.76 billion by 2020.

Telecom

"The outlook for the sector is negative, reflecting expected weaker balance sheets due to regulatory payments to reacquire licences and continuing limited ability to raise tariffs, given the high level of competition,
According to analysts, the sector would generate employment opportunities for about 10 million people direct employment for 2.8 million people and indirect employment for about 7 million. The total revenue of the Indian telecom sector grew by 7% to 283,207crore

Mines

Mining contributes about 2.5% to the Indian GDP. In the recent past this industry has been plagued by irregularities in allocation of coal blocks for mining to private players and overall corruptions. This resulted in the recent supreme court ruling of preventing exports of Coal, Iron ore etc and any illegal mining activity. This has also impacted the auto industry Commercial vehicle sales in particular , resulting in negative growth.

The setback in mining industry effected common and middle class families income in the states of Country.

Education & Training

Education and training sector is undergoing a sea change in the recent past with the focus shifted from public to private sector. Private sector is also actively involved in education and its role will become more poignant in days to come. The private sector's role in the higher education sector has been growing at a rapid pace over the last decade and needs to further expand at an accelerated rate.

The education market is now thriving on the back of the workforce proving itself equal to their counterparts elsewhere in the world in productivity. Given the predominantly young population, the education market is bound to accelerate rapidly.

According to the Investor Relation Society research, skill and vocational training are fast throwing good amount of employment opportunities in the education space in India.