5 Sectors That Can Emerge as India's Largest Employers in Future
3. Healthcare:
The Indian healthcare is growing in a breathtaking speed and is in fact matching the growth rate of software industry of the country. There are obvious indications that this sector is going to be a major player that is bound to drive economic growth and contribute to employment. Unsurprisingly it is deemed to be the engine of economic progress in the years to come. Health care industry in India is worth $17 billion and is anticipated to grow by 13 percent every year.
Presently, employment opportunities are provided to as many as 4 million people in this sector and are expected to swell in the coming years. The Indian healthcare industry has the potential to be global hub for medical tourism, as the medical treatments and other essential services are only a fraction of the cost compared to developed countries.
Also several foreign companies are intending to invest in the country, which will result in significant employment generation across various functions such as HR, marketing, sales, IT and operation, within the country.