Monday, April 22, 2024

Career Trends Post-Demonetisation: What Are They Like Now?

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Experts predict stability

As per Joseph, and a lot of other industry experts (who spoke to us on the condition of anonymity as they were in the career survey process currently), fresh graduates desirous of building a career in the FMCG sector have lots to cheer about as the Indian FMCG industry is predicted to show a growth rate of 6-7% next fiscal year.

“Demonetisation had an impact on this sector, consumers were not spending much. However, the situation has improved and this sector is bouncing back to normality”, observes Joseph.  

In fact, companies (in the FMCG sector) have also re-worked and restarted their hiring plans. This includes voluntarily initiating communication with candidates/job-seekers. This was because this sector witnessed a lot of talent in the mid-senior level  switch to e-commerce and startups.

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A far as the other career buzzword, Pharma, is concerned, experts are optimistic about the industry witnessing a scale-up as far as new investments are concerned. This would directly lead to a hiring spurge.

Experts have their reasons for optimism; the primary reason is the current government’s interest ti improve and promote affordable healthcare by setting-up new learning/research institutes and enhancing the overall quality of Medical education. Currently, the government has allowed 100% influx of Foreign Direct Investment (FDI) in healthcare/pharma sectors. This means that more number of jobs would be created in the very near future.

If you are looking at specifics, experts believe that the sector would offer more & more opportunities in sales, product specialisation, along with Research & Development (R&D). You can thus choose your pick judiciously.

IT ‘s dominance continues unabashed

If you are looking at building a career in IT, then it would make sense for you to acquire skills specific to verticals such as algorithm design, data sciences, and cloud computing.

Not everybody is safe from demonetisation

Like two sides to every coin, there are sectors that experts believe are not favourable for now. This includes Automation that has reportedly witnessed a slump within its lower levels. There is no need to get disheartened though as experts believe that this scenario is now only changing for the better.

“Initially we saw a glitch here, post demonetisation sales dropped however that consumers have started spending again the scenario seems to have changed”, opines Joseph.

Be Wise

Finally, remember that ups and down are part of every domain. Therefore, don’t think of taking up a career line just for the pay it offers; evaluate your interests properly in tandem with your skills and then, only then, take the plunge. Always remember that trends are bound to be replaced by newer ones.




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