Retail, logistics to contribute in near-run job creation

While lack of job creation in the market is a critical issue in the ongoing mandate 2019 exercise, staffing firm TeamLease Services latest analysis projects an improvement in the scenario in the near run. Its Employment Outlook Report has underlined creation of 11.5 lakh jobs during the first half of the current fiscal and retail and logistics sectors would be the key job generators.

 

Travel and hospitality and BPO/ITes businesses have been projected to be the lead drivers of fresh job creation. The analysis covers as much as 19 sectors and after travel and BPO, retail, logistic, educational services and fast moving consumer goods and durables (FMCG&D) have been projected as the possible leading verticals in job creation till September.

 

“The positive business outlook created by the stock market rally and increased investments seem to be having a corresponding impact on the employment outlook. It has revived the net employment outlook, which had witnessed a drop of 2 per cent in the last half year to a 3 per cent rise in the current half year,” commented Rituparna Chakraborty, Co-Founder & Executive Vice President TeamLease Services.

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