Updated on 31 December 2013
IT, pharma, agri-based industries and banking sectors will remain the largest employment generation sectors in 2014
Singapore: As per a recent report prepared by the Associated Chambers of Commerce and Industry in India, the information technology (IT) and the pharmaceutical industry will be the key job creators in the year 2014.
The report explained that the IT, pharmaceutical, agri-based industries and banking sectors will remain the largest employment generation sectors in 2014.
It said, "These sectors will stand out despite the fact that the present state of economy where in a large majority of sectors, net employment is being lost and not created does not support large scale employment."
The report said that employment generation in India will benefit from economic recovery in the US. "A large number of American firms are expected to increase their IT spend as consumer sales pick up there. Over 60 per cent of the India's 75 billion software and service exports are dependent on the US market," it added.
The report further said that top end IT firms and consulting firms will remain active in campus recruitment in 2014.