India’s Organised Sector Expected to generate over 3 Lakh New Jobs

India’s organised sector is expected to generate over 3 lakh new jobs across sectors in the September quarter, a survey said on Wednesday. The country’s organised sector is set to create about 3,20,400 jobs between July and September 2010, according to the findings study on the employment trend by staffing services firm Ma Foi Randstad. “There is optimism in the economic scenario across all sectors and services sector has created most of the new jobs in the country,” it noted.

Around 650 companies across 13 industry segments were surveyed. According to the report, 4,18,564 new jobs were generated between January and June this year, with health care sector alone seeing over 121,000 jobs. Hospitality industry added 63,000 jobs during the same period. “The top five sectors leading the boom are health care, hospitality, real estate & construction, IT & ITeS and education, training & consulting,” it said.

When it comes to cities, Ma Foi noted that New Delhi, Mumbai and Chennai were the leading job generators. The three cities, together, saw the creation of 1,12,987 jobs for the period of January to September 2010. “Kolkata, Bangalore and Hyderabad follow closely creating 30,000 plus jobs during the same period,” the report added. Ma Foi Randstad’s Managing Director and CEO K Pandia Rajan said that there is increased optimism in hiring spread across all sectors.

“We see the service sectors like health care and hospitality spearheading the boom by adding significant number of jobs. “The buoyant economy has given a boost to real estate & construction sector, which has demonstrated the highest growth in employment figures,” he said. In the September quarter, real estate & construction segment is expected to see an average salary increase of four per cent. Pharmaceutical and health care industries are anticipated to witness an hike of 3.5 per cent and 3.4 per cent, respectively, during the same period. Among cities, Bangalore is projected to see an average salary jump of 4.9 per cent, followed by Delhi and Pune, with an increase of 3.5 per cent each.