Indians are now ready to take risks as they have become more responsive to the varied options available. The investors’ risk appetite has been constantly increasing. The most preferred route that investors are taking is that of Mutual Funds through SIP (Systematic Investment Plans). Consequently, equity mutual funds are getting very high inflows at present. Slowly and gradually, investors are becoming more and more conscious of the fact that bank fixed deposits and saving accounts give them only moderate returns as compared to other alternatives which are capable of churning better returns.
As per the report of Freelancer.com, there are about 38% Indians of all the global users on its site. Around 1.2 million of more than 3 million users on this platform are Indians. There is another globally recognized online job portal oDesk which brings together independent contractors in sync. with the projects being posted by various companies and organizations across the globe. Also, the number of freelancers has increased manifold during the past decade, as a result, the freelance market has grown tremendously. Hence, those finding it difficult to find a good job of their choice are diverting their skills to the freelance job market and earning big bucks.
The Gaming Industry in India is witnessing a sharp growth, given the fact that the country has one of the world’s largest youth population. Presently, the Indian Gaming Sector is prized at USD 890 million, with an expected annual growth rate of 14.3%. The share of Mobile Gaming is the maximum with 71% share. The cause of this growth is attributed to increasing younger and modern population, greater expendable incomes, influx of new gaming varieties and the boosting number of smart phone and tablet users.
The animation industry is slowly graduating to the Indian market from its earlier influence in the West. India is among the top Asian countries which has true creative talent and skills related to the animation sector. Given the ancient and mythological background of India, scope for full-length animation movies is immense in this sector.
According to the World Tourism and Tourism Council (WTTC) survey, by 2019, India will position itself as the 2nd largest employer in the world in this sector alone. Around 50 lakh employees are expected to be hired either directly or through indirect recruitment procedure.
Sales professionals hiring saw a growth rate of 15%, where as HR(Human Resource) professionals recorded hiring growth rate of 18%. IT professionals saw growth rate of 21%
As per the report published by Naukri.com, hiring trend has grown at the rate of 18% taken as a whole, during the financial period 2015-2016. This inspiring growth has been achieved due to the viability factor in the hiring process during the above given period, especially in the IT-Software and Insurance sector. There was an increased demand for professionals in the top sectors which led to the aforesaid positive progress. The given data proves that Indian job scenario is going through an optimistic growth phase which is here to stay and opportune times are ahead for the jobseekers.
The top recruiters in this sector include; ICICI Bank, HDFC Bank, AXIS Bank, IndusInd Bank, Kotak Mahindra, YES Bank, ING, Standard Chartered, RBS, Deutsche Bank amongst others.
The IT Sector in the country is likely to remain stable till 2020 if the analysis of World Economic Forum is taken into consideration. Although demand for traditional IT professionals is on a decline, attractive employment trends are expected for the upcoming and emerging fields of Data Analytics and Cloud Computing. Though, globally around 5.1 million jobs are on the verge of being lost during the period 2015-20, the demand for new trends in IT like mobile internet etc. would remain stable for the same period. This kind of stability is expected because of the increased demand of the digital technologies in today’s times. It is reported that in India, the traditional IT jobs will decline at the rate of 0.38% annually during 2015-2020, whereas growth in the mobility segment is expected at 1.15% during the same 5 year period. As per the report, “Strong employment growth in the computer and mathematical jobs family, covering both traditional IT work and disruptive digital technology, will be driven by trends beyond technology”.
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