Though ubernisation is invading the Indian job market, Sudeep Sen, Head of Industrial and Manufacturing Vertical, TeamLease Services believes that e-commerce, logistics, IoT (Internet of things) and manufacturing are the sectors which will create the maximum number of jobs in India and these sectors will see about 18-20 per cent increase in jobs from the present state.
How has the GST impacted the job sector? Has it led to in the creation of more jobs?
There has been a very positive impact of GST as it has helped in the creation of formal jobs. Formal jobs mean recognition for an employee and its contribution to the development of a nation. It means the right wages as specified by the legitimate statutory authorities. We have witnessed an increase in formal jobs in infrastructure, industrial, construction and engineering sectors, apart from the movement of formal employment with distribution sections across all industries.
Digital India is not a dream, it is a reality. The penetration has to be more in tier II and tier III cities as the population there has to feel the advantage of it and that will only move the needle in a big way. Talent can be attracted in education, hospitality, logistics, agriculture, etc. There is an immense potential in these sectors, especially in the rural areas.
E-commerce, logistics, IoT (Internet of things) and manufacturing are the sectors which will create the maximum number of jobs in India. Needless to say, these sectors will see 18-20 per cent increase in jobs from the present state.
What changes do we see currently in the manufacturing and industrial sector? In the age of new media, what kinds of jobs are available in the manufacturing and industrial sector?
There will be a 'skills to get job and job for skills.' It is expected to witness an increase of 12-15 per cent demand for skilled staffs in the engineering and industrial sector. However, it is important to know the skills required to enhance career and the technical demand of today. Some of the key emerging roles in the sector are:
3D printing technologies
On a day to day basis, 3D printing technologies is increasingly being adopted in commercial engineering setups. The demand for the same has increased by 15 per cent in 2018; the need of the hour is for the engineers that are skilled in using additive manufacturing technology or that are adept at integrating it into production processes. This technology was initially used for prototyping work. However, the 3DPT has now penetrated into production applications, making components for usage in the aerospace, defence, medical, automotive and power generation industries.
With robots been installed and implemented and also plants being automated, the focus is on productivity and this is leading to skill upgradation. This is a benefit for the plants (employer) as well as the staffs. This impact has created new jobs, provided there is a will to enhance skills. For example, with automation being adopted, there are new roles and opportunities in the form of quality control, agile automation, smart tools instrumentation, etc.
Today, technology enables to inter-network devices and equipment, increasing productivity and efficiency, agile automation which means that the equipment on its own is programmed to pick up the errors and malfunctions and do a smart alert. There is a need to be qualified and skilled professionals to then act and action on the practical steps ahead and thus, IOT as a stand-alone will contribute to an increasing demand of jobs by 15-20 per cent.
According to the IBEF (India Brand Equity Foundation) figures, the Indian IT industry is set to touch USD 225 billion by 2020. Could you please elaborate on the potential of this sector?
It will be largely due to cloud computing, IT interventions in other sectors in what we call as tech adoption for productivity, artificial intelligence (AI), machine learning (ML) and block-chain are the other two areas demand is increasing dramatically. AI and ML are big in industrial. Obviously, block chain is still not that prevalent in the space today but will be the major paradigm shift in the coming days.
According to you, how has the infrastructure sector responsible for generating jobs? Which are the areas of specifications that are drawing talents?
Infrastructure attracts entrepreneurs to set up shops - be a factory or a distribution unit, sales or after sales depots, etc. It attracts talent in search of jobs and finally, it leads to the need for a city to be formed. Smart way of looking into it is also a solution of geographical challenges of rural to urbanisation.
Many first-time recruiters like the US-based cloud data manager Rubrik, Amsterdam's Optiver and the UK's Halma are hiring from Indian campuses. What do you think is the reason behind this?
No brainer! Even now, the reasons are the talent, ability to adapt, compute and of course, the strong fundamentals help. Besides, the openness to be mobile, and lastly the cost-effective aspect which prevails for decades together.
2017 turned out to be one of the toughest years for the job market. What's your take on 2018?
I would say 2018 will be a year of stability. June- July 2018 has witnessed growth in the manufacturing sector. The focus is more on Make in India and macro-economic conditions are favourable in the country with the implementation of GST. Technology adoption and IT interventions would need more skilled staffs in the engineering and IT sector. E-commerce and logistics will see a maximum increase in jobs in the range of 20- 23 per cent and other sectors will see an overall jump of 15-18 per cent.