India Inc to Create 1.6 Million Jobs in 2012

Healthcare:

Expected Growth: 7.6 percent

Healthcare industry is projected to create 273, 571 jobs in the current year. With approximated total revenue of 2.8 trillion, healthcare is the world’s largest industry. Emerged as one of the India’s largest service sector, it contributes 5 percent of GDP with an estimated revenue of $30 billion. Offering a world class treatment and benefits, medical tourism is one of the key drivers for Indian health care sector. As the trained manpower is less and government is to give more priority to offer quality healthcare to the rural populace, the chances of getting job in healthcare sector is high.   

Banking, Financial Services and Insurance:

Expected Growth: 7.4 percent

With a total number of 968,055 employed in BFSI sector by December 2011, it is to employee another 71,605 this year. The constant and optimistic perspectives to Indian economy helped the growth of BFSI sector in the last quarter of 2011 calendar year. Control over inflation together with the improved micro-finance and insurance sectors are few of the dynamics of the BFSI industry. Though, employment in the sector could not reach up to the expected level, 2012 is said to witness a progress as it is expected decline in inflationary pressure and a cut in interest rates.