The sweeping victory of National Democratic Alliance led by Bharatiya Janata Party in the 2014 Lok Sabha election has set the right financial sentiment in India. With Mr. Modi’s core policy focus on development and economic growth, the country is likely to draw more foreign investments, curb inflation, and spur economic activities in different industries, thus creating higher number of jobs. Looking into the positive growth prospects, experts are expecting higher growth in the job market, particularly in the manufacturing industry.
According to a leading HR consultancy firm, the Indian job market will grow at least by 30% under Mr. Modi’s rule and up to 15-20 million jobs are likely to be created. Manufacturing and infrastructure are the two sectors that are likely to have maximum job growth, creating up to 30-40 million jobs in the next decade. Other sectors where hiring will increase are banking, tourism, healthcare and IT. HR Analysts also predicted uncertainty in the retail sector, since the new dispensation has not yet made it clear about its stance on FDI in multi-brand retail segment.
The verdict of 2014 Lok Sabha election has put Narendra Modi at the helm of affairs raising hopes among investors, economists, investors and experts alike. With Narendra Modi designated as the 15th PM of India, the nation in general is optimistic about policy changes for overall economic growth and immense employment opportunities.
And if you are a job seeker looking for a change in your career, this year could be a year of great opportunities for you. Make your move and land your dream job while the job market is booming.