During last decade, in India, an impressive 17.19 crore jobs were created, compared to only 2.9 crore jobs generated during previous decade.
India has witnessed significant job creation across various sectors over the last decade. Here's a breakdown of the key sectors driving employment growth:
- Digital Services: This sector has been a major contributor to job creation, with a potential to create 60-65 million jobs by 2025. Skilled professionals in software engineering, data science, and digital marketing are in high demand.
- Financial Services: The financial services sector is expanding rapidly, driven by increasing demand for banking and insurance services. Fintech innovations are also creating new employment opportunities in areas like digital banking, customer experience design, and cybersecurity.
- Hospitality Services: India's healthcare sector is growing significantly, driven by an aging population and increased healthcare awareness. The hospital industry is expected to reach $132 billion by 2023, creating jobs in medical services, healthcare management, and health technology.
- Hospitality Services: The tourism industry is on the cusp of significant growth, providing employment prospects in hotel management, travel agencies, culinary arts, transportation, and related services. The industry is expected to grow to $29.61 billion by 2028.
- Consumer Retail Services: The retail sector is undergoing a significant transformation with the increasing dominance of e-commerce and organized retail. This sector is expected to grow to $1.1 trillion by 2027, creating jobs in logistics, warehousing, digital marketing, and related fields.
- Global Capability Centers (GCCs): India's GCCs are driving employment in areas like customer support services, IT consulting services, finance, and accounting.
- Renewable Energy: The renewable energy sector is expanding rapidly, with a potential to create millions of jobs in solar and wind power. The sector is expected to employ 1 million people by 2030.
- E-commerce: The e-commerce industry is driving job creation in areas like logistics, delivery services, and digital payments. The sector is expected to grow to $200 billion by 2026.
- Manufacturing: The manufacturing sector is expected to drive job creation, with a focus on skilled workers for automation and artificial intelligence.
- Gig Economy: India's gig economy is expanding rapidly, with a potential workforce of 2.35 crore by 2029-30 .
These sectors are expected to drive employment growth in India, with a focus on skilled workers and innovation.
