By Astute 17 January 2020

Indian private sector firms to create 700,000 jobs

Private sector firms in India are likely to create 700,000 jobs in 2020, 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.

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), the survey added.

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Kuldeep kumar

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Kuldeep kumar
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