A leading HR consultancy firm's survey showed that more than one million new jobs will be created in India this year, according to the local newspaper the Indian Express Monday.
Ma Foi Management Consultants Ltd, one of India's largest HR consultancy firm has predicted a three percent increase in employment in 2008.
The largest chunk of the new jobs will be generated by hospitality sector which is riding high with the tourism boom in the country.
"The Hospitality sector will generate the maximum number of employment in 2008. 426,668 jobs are going to be generated by the Hospitality sector. This sector is closely followed by Health at 295,829 and Education Training and Consultancy at 166,005," the survey said.
It added that an estimated 11.41 billion U.S. dollars is expected to be seen in the Hospitality sector in the next two years and that India is likely to have around 40 international hotel brands by 2011.
"The boom in the tourism industry has had a cascading effect on the hospitality sector, which was a result of the increase in the occupancy ratios and average room rates. With the demand continuing to surge, many global hospitality majors have evinced a keen interest in the Indian hospitality sector," according to K. Pandia Rajan, the firm's Managing Director.
While, Information Technology and IT enabled Services sector continues with high growth in recruitment at 7.3 and 7.2 percent, the survey said.
Source: Xinhua
|
Comment
Tell A Friend
Print Format
Save Article