Amidst global financial crisis and sluggish economic growth that hampered the growth and employment opportunities in the country, there were few sunshine sectors that created huge job opportunities. Here is a list of such sunshine sectors in India that created new job opportunities in the year 2012, as reported by Anumeha Chaturvedi and Shreya Biswas on The Economic Times, based on Assocham survey.
10. IT Hardware:
India has witnessed a remarkable growth in the field of IT hardware.
The Indian hospitality sector is one of the key segments responsible for driving the growth of the services sector in the country.
The engineering sector is the largest segment and the highest foreign earner in the Indian economy.
Manufacturing sector is slowly but surely emerging as the leading sector on the national economic space.
6. Financial Services:
Financial services sector in India has posited a stable growth curve over the past few years.
The Indian automobile industry has emerged as a sunshine sector in the Indian economy.
The banking sector in India has witnessed an unprecedented growth along with remarkable improvement of its quality of assets and efficiency.
The Insurance sector in India is on an upward surge and has progressed significantly over the last decade.
2. Academics and Education:
Indian education sector has emerged as the major employment driver in the country and is recognized as a sunshine sector in the recent past.
1. Information Technology:
The Indian Information Technology (IT) sector has grown at an exponential pace and has earned a brand identity in the last few years, which in turn has contributed substantially to increase the GDP (Gross Domestic Product), employment and exports in the country. This ever booming sector has also led to massive employment generation and continues to be the largest employment generator in the country.
Choosen excerpts by Job Market Monitor from