Good news! India to see 1.6 million new jobs

The organised sector in India is set to create about 1.6 million new jobs in the year 2011, reveals the Ma Foi Randstad Employment Trends Survey.

According to the survey of 650 companies across 13 industry sectors in eight major cities indicates that most employers are optimistic with their hiring plans for the current year.

In early 2010, the survey predicted creation of 1 million jobs for the year. and 1,131,643 jobs were created during the year, with healthcare (254,655), hospitality (160,300) and real estate (129,312)sectors leading the pack.

The three metros - Mumbai, Delhi and the National Capital Region and Chennai took the top three places generating a total of 255,797 jobs.

In 2011, healthcare sector will continue to top the table and is expected to generate 248,500 new jobs.

In addition to top performers like hospitality (218,200), real estate (144,700) and media & entertainment (126,100), manufacturing - non-machinery products sector is expected to perform well, creating 223,400 new jobs.

Mumbai, Delhi NCR and Chennai will retain their top slots generating a total of 273,634 jobs among them.

"We are happy to see that 1million plus jobs will be created in the organised sector for the second consecutive year. The changing market scenario across the globe and the growing significance of emerging markets like India and China has led to many global corporates including these countries, in their growth and workforce strategies. This will have a positive impact and increase our growth momentum," E. Balaji, MD and CEO, Ma Foi Randstad said.

However, the biggest challenge is 'Employability', threatening the growth. "I do hope that steps will be taken in the right direction by both the government and the industry to address this issue quickly and effectively," Balaji said.