90% Graduate Seekers won’t Get Job in India: Survey

By Dipankar Das, Gaea News Network
Sunday, September 19, 2010

graduate Although, Indian job market picked up considerably in the last one year, still only one out of ten fresh graduates will ¬† get employment as per Ma Foi Randstad, an international human resource service provider. “This year over 10.5 lakh (1.05 million) jobs are being created across sectors but one crore (10 million) aspirants are coming into the market,” managing director and CEO of Ma Foi Randstad K. Pandia Rajan said. The survey was conducted among 650 companies across 13 industry verticals in eight Indian cities — Delhi, Mumbai, Kolkota, Chennai, Bangalore, Hyderabad, Pune and Ahmedabad.

“The study also projected creation of 320,400 jobs the next three months (third quarter of the year) and an equal number for the fourth quarter too, taking the total job creation to over one million this year,” Rajan said

The survey further disclosed that 418,564 jobs were generated in the first six months of 2010. The economic downturn hit the global market in 2007. It has a ripple effect on Indian market. Most of the IT/ITES companies put the hiring on hold. That’s why there is more job seekers for lesser number of jobs. Murthy also said that the retail and telecom industry are hiring mostly in the recent past, although, BPO and Call Centers hired largely five years back.

Murthy continued that the job market is supposed to be like this for the next ten years unless there is enough growth in every industry segment. As per Muthy, the job generation depends upon investment which is coming in very small amount. He also concluded that the difficulty is mainly confined within freshers.

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