Hospitality to replace IT as top job creator

hospitality sector will be the largest — an addition of 430,000 jobs, from 6.16 million in 2007 to 6.59 million in 2008. 
 
This will be followed by the health sector, which will offer job opportunities to 290,000 more people, from 3.32 million in 2007 to 3.61 million in 2008. 
 
The education sector, including training and consultancy, however, is expected to add 166,000 employees. In 2007, the sector had employed 10.2 million people, which could go up to 10.4 million people this year. 
 
However, the IT and ITeS sector, so far considered the largest job provider, is expected to add only 130,000 jobs, taking the employee strength to 1.93 million in 2008 from 1.8 million last year. 
 
The survey, which captures employment trend in 22 different sectors, highlights that the organised sector is likely to create one million additional jobs in 2008. This would take the total number of jobs in the sector to 34.62 million in 2008, a 3.05 per cent increase over the 33.63 million last year. 
 
“The trend is suggesting a slight dip in new job creations as sectors like textiles and IT have been hit by the rupee appreciation,” said K Pandia Rajan, managing director, Ma Foi Management Consultants. 

 

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