Opinion: National Employment Policy will create robust job market for India
Job creation
By 2020, around 600 million people are expected to get deployed in newer job roles that do not exist today.
As Government of India crafts India’s first National Employment Policy and announces scrapping of all jobs lying vacant for five or more years, it signals a positive outlook towards creation of a more robust job market for India.
With increasing thrust on technology and skills development,India’sjobmarketis on an upswing for FY 2018-19.By 2020, around 600 million people are expected to get deployed in newerjobroles that do not exist today.
Our economy is growing at a reasonable pace. As market recovers, focus on specialised skills will be in demand in near future.There is no doubt, that volume ofjobsis being impacted by automation, however, newjobsare also being created.
With increased focus on re-skilling, the traditional job market is undergoing a transformation.India will be the third most optimistic market for skilled candidates.Indian job seekers have asigh of relief,as the hiring prospects are expected to rebound.
Accordingto RecruitEXbi-annual reports, internet and disruptive technologies are creating new employment opportunities, particularly, in the areas of ‘white-collar’ jobs.
Industry’s focus on freshhires ispre-dominantly around new digital tools and services.As per reports,online labour, software developers, creative and multimediaprofessionals,onlinesales and marketingprofessionals, writers, translators, data entry operators and more are expected toseea surge in demand.
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Announcements in the educationsector, with focus on improving infrastructure and quality, teachers’ training, blackboards to digital boards amongst others are positive steps towards skill enhancement.
By 2020, majority workforce in IT, Auto, Healthcare, Banks and Financial institutions are expected to work with completely different skill sets.
Future job opportunities will be high in newer skillsets related to Data Scientists, Data Mining, Artificial Intelligence, Internet of Things, etc.
With the currentpositiveoutlookforthe economy, employers arecertaintocreatemorejobs.Largeenterprises, medium and smallscaleindustries are designed toscalehigher and become majorjobproviders.
(Disclaimer: The opinions expressed above are the personal views of the author and do not reflect the views of ZMCL)