For the first time in the recent past, we see India is hiring for India i.e., domestic Indian companies are registering in hiring activity.
- Heavy Engineering and Manufacturing:
The all-out support given to the manufacturing sector by the Government of India through ‘Make in India’, export-linked benefits, fast-tracking FDI investments, and PLI policy incentives has facilitated a massive revival in the sector, led by pharmaceuticals, chemicals, and a few heavy engineering companies.
The sector is growing at a fast pace and deploying smart manufacturing and business process solutions involving AI, ML, and cloud management, to ensure they remain competitive in the age of Industry 4.0.
This has not only spurted the demand for tech talent but also made technical skills a mandatory skill set requirement in most white-collar jobs. In fact, 68% of job vacancies fulfilled by Taggd require tech skills.
Besides manufacturing, some of the industries hiring talent are:
- Automotive: As the auto industry shifts to electric vehicles and digital services, a huge demand for talent across verticals resulted in more than 30% growth in hiring in the sector over the same period last year, according to trends observed at Taggd. Whether it is sales, digital marketing professionals, operations and program managers, electronic engineer graduates, and mechatronic professionals, auto companies are expected to continue driving the hiring momentum in the coming months.
- BFSI: The sector is in good stead, with the growing adoption of digitization and a boost in the fintech space contributing to steady growth in hiring by companies. Pune, India’s fintech hub, posted a 66% increase in BFSI job opportunities, while the overall average stands at 25%, as reported by the Monster hiring index.
- E-commerce: IBEF predicts India’s e-commerce market to grow by 21.5% to reach $74.8 billion in 2022. In internet businesses like these, tech prowess is the key differentiator in establishing market dominance, and companies are increasingly hiring skilled talent with proficiency in AI, data analytics, and software development.