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Tier-II cities to be major job creator in India

According to a recent Monster India's whitepaper, that analysed online hiring activity data of 5 years, the push on 'Make in India' and the plan to create 100 smart cities is expected to increase hiring in manufacturing and commerce as well as in the infrastructure sector, following which tier-II cities are expected to be among the largest contributors.

It's boom time for job seekers as 2016 is expected to deliver the returns of the various reforms proposed by the government and tier-II cities are likely to be among the largest contributors as far as employment creation is concerned.

The Indian job market is on a revival mode, according to a recent Monster India's whitepaper. "We can see some positive movement by government to make people more employable. The land acquisition bill for instance states that about 30 crore landless people will get employment in the industrial corridors. Similarly, railway reforms will offer a level playing field for private players investing in the sector," Monster India Managing Director (India/Middle East/Southeast Asia/Hong Kong) Sanjay Modi said.

Additionally, the Defence Procurement Procedure (DPP), 2016 would further boost the 'Make in India' initiative with a greater role for the private sector and a big push to the medium and small scale sector, he added.

The report noted that the push on 'Make in India' and the plan to create 100 smart cities is expected to increase hiring in manufacturing and commerce as well as in the infrastructure sector, following which tier-II cities are expected to be among the largest contributors.

"The robust growth of the start-up ecosystem is urging individuals to explore new business avenues. Therefore, one anticipates greater demand for experienced professionals, especially from mid to senior management," Modi said.

The report highlighted that the job market opened up in 2014 with an average 17% rise in demand and BFSI led the online hiring activity followed by IT and Production & Manufacturing.

"The improved job market is fueling renewed optimism in the banking, financial services and insurance (BFSI) sector. In September 2015, online recruitment in the sector was 85% higher than the year-ago and the pace of growth year-on-year has been improving consistently," the report said.