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Good news for jobseekers: These 3 industries will be on hiring spree in FY19

Tuesday, April 3rd, 2018

The new year has been good for job seekers in the country. As FY18 went down the history, FY19 brings positive sentiments for job seekers. Industry leaders have recorded positive hiring trends for the new year.

IT Industry

No other industry was as badly impacted from hiring perspective as IT. The industry has been through the ups and downs of American visa resections and automation in the last year. Hiring in IT is expected to improve in FY19 as compared to the FY18. Most of the IT recruitment will be driven global in-house centers (GICs) and fintech companies.

Large MNCs will hire at least 60,000 new people for the back office jobs. As fortune 500 companies are hiring in India, these companies are setting up tech centers. Consumer-facing companies are heavily investing in the digital sector. Large banks are among other top recruiters in the country. As far as job roles are concerned, AI engineers, UI/UX professionals, engineers with analytics background, cybersecurity professionals have the highest demand.

Automobile

India continues to be the leader in two-wheeler manufacturing and export. FY19 will create new jobs in the automobile space. Companies are executing the long-term electric mobility plans. The government is pushing these companies to roll-out electric mobility technology for public sector transport. Automobile companies are actively looking to hire fresh talent to develop vehicles with green/electric technologies. The automobile industry is expected to create 20,000 new jobs this year.

 

Financial services

 

The FY19 will be beneficial for banking and financial services domain as well. Fintech startups have transformed this sector in recent time. Companies in the tier-2 and tier-3 markets will create a number of jobs as compared to rural markets. More than 50 NBFCs and small banks are expanding loan books to create 1.5 lakh new jobs in the financial services sector.

 


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