N-E India the new job Hotspot!
Now, a job hotspot too!
NEW DELHI: North-east India, known for its scenic beauty and tourism is now also emerging as the new hotspot for jobs. Be it IT services, BPO, automobile sector or consumer goods, the northeastern states have a huge growing demand for talent.
According to the TimesJobs RecruiteX data from Feb 2014-Feb 2015, the annual growth rate in talent demand in the northeastern states is a whopping 5-30%.
This report and its findings clearly refutes the perception of the northeast as a region with very few job opportunities and whose inhabitants are compelled to migrate to other cities for employment. If data is to be believed, the percentage growth in talent demand of these northeastern states is actually higher compared to the metros. So whilst the growth rate in demand for talent in these eight states ranged between 5-30%, the top five metros have the average growth rate of only 2% during that period.
Vivek Madhukar, COO, Timesjobs.com firmly and proudly believes that the NE is soon going to be the new ITeS and BPO hub of India.
“The Prime Minister's focus on the region coupled with improving interstate infrastructure and telecommunications are providing a strong impetus to economic development and job growth in the Northeast. With a young and ambitious well-educated population it is quite possible that the Northeast is going to be the new ITeS & BPO hub of India.", he said.
The report listed down some reasons for the improving job market in the region - improved infrastructure, consumer sentiments and investments in IT and core manufacturing sectors such as automobile, consumer durables and FMCG.
While the state of Manipur is leading the demand for talent with 21% growth compared to the previous year, Arunachal Pradesh is the second most profitable state with the annual growth of 19%. Interestingly, the highest number of jobs available in Manipur is n the bracket of Rs 15-25 lakh , while in Arunachal, most jobs are available in the Rs 4-10-lakh salary bracket.
Nagaland and Tripura recorded an average annual growth of 17% and 12%, respectively, with telecom, IT-software and insurance sectors driving the demand in both the states.
Even Assam, Meghalaya and Mizoram have all reported higher average y-o-y growth in talent demand than the metros, with the growth rate ranging between 5-6%.
In Sikkim as well, the demand is up by 6% in Hotel/Travel, IT-software and Biotech/Pharma, albeit the demand is mostly for entry-level job with salaries going up to just Rs 2 lakh per annum.
“This clearly indicates that residents of the North-East are likely to earn more in their hometowns than in metros in similar job profiles. Sectors such as education, travel and tourism, FMCG (Fast-moving consumer goods) and BFSI (Banking, Financial services and Insurance) are strong across the region," read the report.