Mecca for Job Seekers
India is one of the very few countries throughout the world that is fast emerging as the Mecca for job seekers. One of the major reasons for its emergence is the country’s resilient economic status that has opened new vistas for the younger generation in a large number of areas of the Indian corporate sector. There has been an unprecedented growth in the industrial sector where emphasis has been laid on plans for expansion of business and providing ample opportunities for the professionally qualified youth in the country.
Around five years ago, when the developed and advanced countries throughout the world were grappling with the world wide recession resulting in millions of people losing their jobs overnight and found themselves on the road. Large and well established corporate companies that were considered to be the stalwarts of the industry were in dire financial crisis. They were on the threshold of bankruptcy albeit they had implemented stricter steps on cost cutting and reducing their manpower costs.
The Indian Scenario
On the contrary, the economic situation in India demonstrated an upward swing and the industrial sector in the country provided the thrust to the economy of the country. Although there were slight alarms sounding across the industry, yet these were not very evident. There were hardly any situations where people lost their jobs, however the job market was considered to be on a new high with a large number of corporate companies imposing pressure on their Human Resources departments to scout for the cream of talent available in the country. There is no dearth of jobs in India; rather people from other countries traveled all over the world to seek jobs in India. India had gravitated towards becoming a global hub for job seekers mainly due to its economic boom and its rising stature as one of the most prosperous and developing countries in the world.
The IT Sector
There are several spheres in the Indian industry that has flourished which has led to a plethora of multinational companies setting up base in the country. One of the most thriving sectors of the Indian industry has been the Information Technology sector which has opened new avenues for IT jobs in India. India has a vast potential for Software Engineering and Development which has resulted in an extraordinary increase in IT jobs in India.
It is firmly believed that at the current rate of accelerated of economic growth, the country would witness a phenomenal growth in the job market for several years to come.