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View All News02 January 2020
Private sector firms in India are likely to create 700,000 jobs in 2020 amid bullish hiring sentiment and optimistic hiring plans, according to an Employment Trend Survey published by MyHiringClub & Sarkari-Naukri.
The survey, which covered 4,278 companies across 12 industry sectors in 42 major cities, also showed that the overall increase in salaries is projected to be around 8% in the new year.
In 2019, 590,000 jobs were generated against the survey’s expected 620,000 jobs in that year.
MyHiringClub & Sarkari-Naukri CEO Rajesh Kumar said the major contributors to the job creators in 2020 will be start-ups which are expected to create more jobs in every sector.
Bengaluru, Mumbai, Delhi & NCR, Chennai, Kolkata, Hyderabad, Ahmadabad and Pune were among the top regions generating a total of 514,900 jobs, The rest of the job opportunities will be in Tier-II and Tier–III cities in 2020.
In 2020, the retail and e-commerce sector will lead in hiring and is expected to generate 112,000 jobs followed by IT & ITeS (IT-enabled services) (105,500), FMCG (fast-moving consumer goods) (87,500), manufacturing (68,900), BFSI (banking, financial services and insurance) (59,700) and healthcare (98,300), according to the survey.
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January 02, 2020 at 07:55PM
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India – Private firms to generate 700,000 jobs in 2020, survey finds - Staffing Industry Analysts
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