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IT, pharma industries to be key job creators in 2014: Assocham

IT, pharma industries to be key job creators in 2014: Assocham

Information technology (IT), pharmaceutical, agri-based industries and banking sectors will remain the largest employment generation sectors in 2014, industry lobby Associated Chambers of Commerce and Industry of India (Assocham) said in a recent report.

"These sectors will stand out despite the fact that the present state of economy
 where in a large majority of sectors, net employment is being lost and not created does not support large scale employment," the study said.

"Since our economy still remains a good mix of organised and unorganised, large corporates and small enterprises, a large number of people in rural India dependent on agriculture and the tertiary industries, there are inherent and inbuilt strengths which come handy when the chips are down," Rana Kapoor, president, Assocham said.

The report also reveled that recruitment from the pharmaceuticals sector would remain active, though the aggregate number would be much smaller than the IT sector, followed by agro-based industries.

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1/28/2014 12:24:04 PM