Job Creation in India: Indian Manufacturing Sector Booming, Creating More Job Opportunities Than Ever, Says Report
India's manufacturing sector is booming which has created more job opportunities as the sector is looking for new skills, a new report showed on Tuesday.
Bengaluru, July 16: India's manufacturing sector is booming which has created more job opportunities as the sector is looking for new skills, a new report showed on Tuesday. Between June 2022 and June this year, the manufacturing industry in India grew by an impressive 40 per cent. According to the latest data from global hiring platform Indeed, the manufacturing sector is on an upswing.
"As India strives to become a global manufacturing powerhouse, the sector presents a wealth of opportunities for both businesses and job seekers,” said Sashi Kumar, Head of Sales, Indeed. Certain roles within the manufacturing sector are experiencing explosive growth. CNC machine operators, for instance, have seen a staggering 160 per cent increase in job openings. DIPA Urges Government To Extend Input Tax Credit for Telecom Towers Under GST Regime in Upcoming Union Budget 2024–2025.
CNC operators are skilled technicians who specialise in computer numerical controlled equipment and software. Production supervisors are close behind with a 155 per cent rise and machine operators at a 119 per cent rise. These roles are rapidly gaining prominence, reflecting the sector’s modernisation and increasing need for specialised skills.
The skills landscape is evolving in tandem with the sector’s growth. Communication skills are now at the forefront, required in 17 per cent of jobs. “CNC skills follow at 10 per cent, with manufacturing skills at 9 per cent, English proficiency at 8 per cent, and CNC programming at 6 per cent,” the report noted.
Manufacturing companies are also enhancing their offerings to attract top talent more effectively. Employers are realising that offering comprehensive benefits not only improves job satisfaction but also increases productivity and loyalty among their workforce, said the report. PM Narendra Modi Becomes Most-Followed World Leader With 100 Million Followers on X, Says ‘Happy To Cherish Discussion, Constructive Criticism’.
According to a latest report by IBEF, the growth is fuelled by several key factors: increased domestic consumption, government initiatives, a surge in global investments, and enhanced global demand for Indian-manufactured goods.
(The above story first appeared on LatestLY on Jul 16, 2024 10:08 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).