News »Browse Articles »
India last bastion for high jobs growth
0
India last bastion for high jobs growth
In spite of global economy slump, India is expected to maintain a steady growth in generating jobs. India looks optimistic though the U.S. president elect Obama`s view on off-shoring is not looking good for countries like India. Manpower, a U.S. based staffing service firm sees some slowing down in ITeS and finance sectors. However according to its CEO Jeff Joerres, the growth would return by mid-summer when effects of stimulus packages announced by multiple countries start showing.
"In the global scenario India looks optimistic. Though the employment outlook looks slightly down but optimistic on a relative basis. We have to see how the wave hits the shores," he said.
He also mentioned that the co
mpanies that struggled to justify outsourcing in good times would find it easier to move jobs to low-cost destination citing savings.
Obama had earlier stated that the tax breaks would be removed from companies that shift jobs overseas and would give to only those who invest at home.
Since the sub-prime credit crisis brewed into a global economic storm, there has been a 15-20 percent slowdown in jobs growth globally as companies see their bottom lines shrinking. According to Jeff, China, Middle east and East Europe also look promising in terms of hiring as they have a booming domestic market and also because the base is small. A Manpower survey has recently ranked India as the most optimistic market for new jobs.
"India is a big economy with a lot of opportunities. There are optimum opportunities in India since it still in the growth mode. As compared to other countries, India`s GDP growth is very promising," noted Jeff. He foresees that since India is still has a promising picture, talent would flock to this country once again from across the world.
"With the potential to become the most prominent source of talent over the coming decades, India must address educational and infrastructural challenges in order to turn that opportunity into a reality," he said.
Source:
http://siliconindia.com/shownews/48961
"In the global scenario India looks optimistic. Though the employment outlook looks slightly down but optimistic on a relative basis. We have to see how the wave hits the shores," he said.
He also mentioned that the co
mpanies that struggled to justify outsourcing in good times would find it easier to move jobs to low-cost destination citing savings.
Obama had earlier stated that the tax breaks would be removed from companies that shift jobs overseas and would give to only those who invest at home.
Since the sub-prime credit crisis brewed into a global economic storm, there has been a 15-20 percent slowdown in jobs growth globally as companies see their bottom lines shrinking. According to Jeff, China, Middle east and East Europe also look promising in terms of hiring as they have a booming domestic market and also because the base is small. A Manpower survey has recently ranked India as the most optimistic market for new jobs.
"India is a big economy with a lot of opportunities. There are optimum opportunities in India since it still in the growth mode. As compared to other countries, India`s GDP growth is very promising," noted Jeff. He foresees that since India is still has a promising picture, talent would flock to this country once again from across the world.
"With the potential to become the most prominent source of talent over the coming decades, India must address educational and infrastructural challenges in order to turn that opportunity into a reality," he said.
Source:
http://siliconindia.com/shownews/48961
