'Retail, aviation, hospitality to offer maximum jobs'
An Assocham Business Barometer (ABB) identifies that disciplines like retail, aviation, hospitality and brokerages offer high growth potential.business Updated: Jun 12, 2007 16:32 IST
Ahead of the admission processes to colleges and universities beginning this summer, an Assocham Business Barometer (ABB) has identified that disciplines like retail, aviation, hospitality and brokerages offer high growth potential for students aiming for a rewarding career.
The ABB study on "Job Opportunities in Emerging Sectors," revealed that there is lack of information about careers opportunities that exist not only in the much-sought after IT and management sectors but also in numerous emerging areas.
High consumer spending has spawned a huge interest in the retail sector, 97 per cent of which is still unorganised. It is estimated that the sector will add up to 14 billion dollars in terms of market size by 2010 to cross 21.5 billion dollar.
"The retail sector will churn out significant job opportunities. The forecasts suggest that the sector may create 20,00,000 jobs by 2010 directly through retail operations," the ABB study said.
The hotel sector would need a fresh workforce of at least 94,000 by 2010-11 from streams like home science, commerce, physics and engineering etc.
The aviation space in India is growing at 25 per cent per annum, creating abounding job opportunities. The sector is particularly faced with a crunch of pilots. The industry is expected to add 130 airliners to the current fleet of 270 airliners and create 2,00,000 jobs by 2017, the statement said.
The openings would be generated in the areas of flight dispatchers, cabin crew, airline managers, airport managers and ground handling personnel.