As the economy expands, India's job recruitment
market is also expected to grow in line and double
at Rs 2,000 crore in the next five years, a top
industry official said.
"The growth in India's economy has helped
bring about a tremendous growth in the manufacturing,
banking and services sectors in the country. The
job recruitment market here is set to grow at
20 per cent annum and touch the Rs 2,000 crore
mark in five years from the present Rs 1,000 crore,"
Esource India's Managing Director, Nitin Deveshwar,
told PTI here.
Esource India is a subsidiary of ESMS (I) Pvt
Ltd which is a leading security company with nation-wide
operations and is a full-service recruitment agency
powered by an online database combining social
networking and traditional recruiting.
The country's manufacturing sector is growing
at eight to ten per cent and is expected to generate
0.5 million employment opportunities alone, Deveshwar
The shift of industrial activities to smaller
towns has also created major job opportunities
in these areas.
Gujarat's small towns like Vapi, Anjar and Bharuch,
Chattisgarh's Raipur, Bilaspur and Korba and Uttarakhand's
Haridwar and Rudrapur have provided higher job
opportunities, following industrialisation in
these areas, Deveshwar said.
Public sector banks as well as private ones are
expected to hire in a big way in the coming years
as they expand their footprint into smaller towns,