Employment

News and Trends

Amazon To Invest $120 Million in India, Create Jobs

This amount will be invested in startups that digitize consumer goods manufacturing in India and cater to domestic and global demand, creating thousands of jobs

News and Trends

Fintech Employment Soars with 7.5% Growth in 2024

Although industry leaders are not significantly increasing headcounts in offices, they are prioritizing workforce skills to align with evolving business models

News and Trends

Cooperatives Sector to Create 55 Million Jobs and 10% GDP Contribution by 2030

Data from the Indian Cooperative Movement report published in 2018 highlights that direct employment generated by cooperatives grew from 1.2 million in 2007-08 to 5.8 million in 2016-17, marking a compound annual growth rate (CAGR) of 18.9 per cent.

News and Trends

India's Semiconductor Industry to Generate 1 Million Jobs by 2026, Driven by Manufacturing Push

Approximately 3,00,000 jobs are expected in chip semiconductor fabrication, with an additional 2,00,000 roles in assembly, testing, marking, and packaging (ATMP)

News and Trends

October Insights: India's Service Sector Grows 13% in Employment and 58% in Output

The HSBC India Services Business Activity Index rose from 57.7 in September to 58.5 in October, signaling a sharp acceleration in growth well above the long-term average of 54.1

News and Trends

How India's Labour Force is Powering The Economic Growth

India's labour force is driving the country's economic growth, with significant contributions from various sectors. As India aims to become a $5 trillion economy by 2027-2028, its labour market's resilience, diversification, and growing formal employment opportunities are poised to play a pivotal role.

News and Trends

How MSMEs Thrive During India's Festive Season

Amazon's "Great Indian Festival 2022" saw record participation from MSMEs, with 4.75 lakh sellers joining the B2B sales, and 70 per cent of the 35,000 B2C sellers hailing from Tier-II and III cities

News and Trends

Cisco Opens First Manufacturing Facility in Chennai to Boost Local Production; Envisions to Create 1,200 Jobs

The inauguration of the Chennai unit was a high-profile event, attended by the Union Minister of Communications and Minister of Development of North Eastern Region, Jyotiraditya Scindia, Cisco CEO Chuck Robbins and Cisco India President Daisy Chittilapilly.

News and Trends

Karnataka Sets Ambitious Goal to Double Global Capability Centres by 2029; Aims to Create 3,50,000 New Jobs by 2029

The government is keen to expand beyond Bengaluru, promoting cities such as Mangaluru, Mysuru, and Tumakuru as attractive alternatives for foreign companies to set up operations.

News and Trends

National Engineers Day 2024: AI Race, Loans, and Employability

India produces 16% of the world's AI talent pool, and by FY29, there will be a 10% annual increase in college fees

News and Trends

How e-Commerce is Fueling The MSME Growth in India

MSMEs are the driving force of the economy for the country, backed by the strong connectivity of e-Commerce

News and Trends

e-Commerce Export Hubs to Generate Over 2.25 Lakh New Jobs: Report

The government's plan to establish 50 e-Commerce export hubs aims to create 2.25-2.75 lakh additional jobs, as per report from TeamLease

News and Trends

Role of Women Workforce in Achieving $30 Trillion Economy by 2047

India aspires to be a $30 trillion economy by FY47 and women employment plays a crucial role in achieving this goal

News and Trends

Streaming VOD Sector is Projected to Create a Potential of 3,30,000 Jobs by 2028: Report

Premium online video is now comparable to other media industries in terms of investments and its economic impact on the film business, telecom and other allied industries