India To Have 1mn New Jobs In 2008: Survey

The hospitality, health and education sectors are likely to replace the IT/ITeS sector as leading job creators in the country, which will have over 10 lakh new work opportunities in 2008. India will add 10,25,800 jobs, a tad lower than 10,30,000 jobs in 2007, predicted the Ma Foi Employment Survey 2008 released here. The traditional job creating horses like IT and IteS sectors have been replaced by hospitality, health and education sector, Ma Foi Management Consultants Managing Director K Pandia Rajan said while releasing the survey. Ma Foi is the largest human resource service provider and staffing company in India. It has been conducting the employment survey since 2004. The 2008 survey was carried among 2006 companies from 22 sectors of the economy and is claimed to be the largest study on the organised sector. The hospitality sector is shown to generate the maximum number of employment in 2008 with over 4.26 lakh jobs.

An estimated USD 11.41 billion is expected to be seen in the hospitality sector in the next two years. India is likely to have around 40 international hotel brands by 2011,the survey highlighted. The health sector is expected to create over 2.95 lakh jobs led by a strong presence of private players and rising opportunities in medical tourism and telemedicine. The education sector, including training and consultancy, is expected to add 1.66 lakh employees. The survey found that manufacturing sectors of food products and beverages, furniture, mineral and metal products and mining will witness a constraint in hiring this year. Education tops the list of sectors generating the highest number of jobs in 2008 at 10,429,312, followed by hospitality at 6,595,879 and health at 3,616,525 jobs, the survey said.