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Are jobs in India still safe?

 
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I just read one article In India you can still get job..

The article says "'India poses a far more positive outlook as compared to what has been happening across the world. India will have a demand for 85-90 million people across various sectors, and the majority of the demand will come from high-growth industries like IT, outsourcing, banking, retail and healthcare.
A survey by HR consultancy projects hiring to rise steadily by around 18 percent from this quarter in many sectors, signifying that jobs in India may not be entirely affected by the financial turmoil in rich nations."
The article further advises to employees "'Gone are the days of experimentation with jobs, employees not to be adventurous checking different jobs."

Well the news is good, but how much it is reliable? Are the jobs really safe?
 
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Survey,expert study,Analyst's opinion!! One need not take them seriously. Ground reality is different.Its very very tough to ge the job in any sector. One may contradict this by saying '(s)he is getting daily 10 calls from recruiters etc' but thats exception.Work is less due to recession hence people required are less.
Situation will get worse day by day. Try speaking to anybody in Engg./retail/Chemical/electrical industry about work orders they are receiving and you will get the real answer.
IT on its own can not exist.It depends on these sectors hence IT will be down too.
 
Sandeep Awasthi
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Arjun Shastry wrote: One may contradict this by saying '(s)he is getting daily 10 calls from recruiters etc' but thats exception.



One may get 10 calls in one day. 8 of them for single opening from different consultant. So the real openings may be only two. I know things are extremely tough.


Try speaking to anybody in Engg./retail/Chemical/electrical industry about work orders they are receiving and you will get the real answer.
IT on its own can not exist.It depends on these sectors hence IT will be down too.




I agree with this. One of my friend works in mechanical engineering. He used to work on three projects in parallel. But now he has only one project and he is scared that he may loose that project too. So I agree things are very tough.

But I read this article in economic times too which I feel is reliable
link
 
Arjun Shastry
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From the article-
Leading advisory Boston Consulting Group says India will have a demand for 85-90 million people across various sectors, and the majority of the demand will come from high-growth industries like IT, outsourcing, banking, retail and healthcare.
How do they get this figure of 85 millions?
Healthcare might do well because mental/physical health of many people is going to detoriate in coming future due to job/business loss.!!
IMO banking and retail is totally down. Recent boost by RBI did not help much.Realty sector is finding tough to survive.Crash in realty rates tells that.Many upcoming IT/business parks are waiting for companies.(Visit LBS Road/Andheri Kurla Road if you are in Mumbai).Many manufacturing units have reduced workdays from six to five.
There will be business/jobs but growth will be stagnant.
 
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As my point of view many Indian company depends directly or indirectly on many US/UK base companies. & news coming out like this and many more on Google News.
It affect in India surely!
As i think some more company frauds will open in future!
 
Arjun Shastry
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Thats correct.Out of fear and political wrath Indian companies are not disclosing the lay-off figure.They do the lay-off on weekly basis instead of laying off people at once. Situation in unorganized sector-construction,agriculture is even more grim.
 
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