Indian IT to continue as largest job creator, says Assocham

Information technology (IT), banking and agriculture-related businesses are going to be among the key job creating sectors in 2014, according to a study by Indian industry body Assocham.

All these sectors will stand out despite the present state of the economy where net employment is being lost and not created in a large majority of sectors.

IT will remain the net aggregator of jobs in 2014 due to recovery in the US economy. The US economy is showing signs of improvement. A large number of American firms are expected to increase their IT spend as consumer sales pick up there.


Continuous pressure on rupee will help increase the net income of IT companies and they will keep hiring, it pointed out.

“Since our economy still remains a good mix of organised and unorganised, large corporate and small enterprises, a large number of people in rural India are dependent on agriculture and tertiary industries; there are inherent and inbuilt strengths which come handy when the chips are down,” said Assocham.

While the new banks will leverage technology, job opportunities will arise both in brick and mortar as also in development and implementation of technology solutions, the study added.

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