CII survey shows more job opportunities in the future
Posted on: 11/Jun/2018 12:57:42 PM
Based on a survey conducted by Confederation of Indian Industry (CII), reports suggests that gradual improvement in the domestic growth prospects may lead to development in demand and capacity utilization. Followed by the revival in consumption demand in coming months, there will be more job opportunities in domestic aspect of the industrial growth.
The survey mentioned about the acceptance of majority CEOs in the areas of industrial growth and development on a very positive and progressive note leading to more job openings in many sectors determining the domestic economy of the country.
According to the survey 92 percent of CEOs are looking forward an improvement in consumption demand whereas 82 percent of the CEOs are standing for the improvement in capacity utilization in the Indian factories. The chain of events concerned with this development job opportunities are expected to increase in the year 2019 and the fact has got many nods of totally 56 percent of CEOs committing to the survey. Among the entire survey analysis 18 percent of CEOs are expecting the job opportunity graph will be same as like the current year.
The president of CII said that the investments are already pouring down in different sectors, starting from Rs 50,000 crore that was already announced officially. Within the next two years the GDP growth is expected to hit the mark of 8 percent said the official report of CII survey.
According to various opinions of CII members, in spite of the increase in the input costs and fuel price hike the demand is very healthy in the manufacturing sector. White goods, Steel and Automotive sectors are graphing up in the overall demand performances, topping all other manufacturing divisions domesticated in the country.
Survey mentioned a steady growth in the sectors of Information Technology and Communications. Smart Phone components with many upward value addition is gradually finding an ascending growth owing to recent years’ telecommunication change of scenario in India. In the Infra Sector, a discernible pick-up was reported by the CEOs on the analysis of the previous years.
