Hiring will pick up to leverage the increased scope for growth in agriculture, and also in manufacturing related organizations. As a direct push to the services sector is limited, thus hiring in the services sector will remain stable for the earlier part of FY 2012-13. Hiring at senior levels will see impetus in retail and aviation if the government is able to chart a clear pathway for FDI in these sectors. The move to allow ECB borrowings for financing power and housing projects will have a positive outcome on the infrastructure vertical.
Overall, a consumer-friendly budget will drive demand for senior professionals across organizations, in the next 2-4 years as economic activity in the country gets an impetus on the back of increased consumer spending.
SECTOR WISE ANALYSIS
Agriculture:
Impact on hiring: Positive
• Continual high performance of the sector and impactful share in GDP
• Sector to be a priority for Govt, agricultural credit target raised to 5.75 L crores
• To set up finance for minor irrigation works
• RKBY under 300 cr for irrigation program
• 500 cr for aquaculture
Automobile
Impact on hiring: Neutral/ slightly negative
• Duty on large cars raised from 22- 24 %
Aviation
Impact on hiring: Positive
• 49% FDI to be considered (no progress yet)
• Allow external commercial borrowing of up to $1 bln to raise working capital for airlines industry for 1 year
BFSI
Impact on hiring: Positive
• new bill for micro-finance cos
• 15880 crores for PSU Banks
• 5000 cr for venture fund by SIDBI for MSMEs aid
• Measures to boost equity market
• 81 Regional Rural Banks have migrated to core banking
Construction/
Impact on hiring: Positive
• 8800km of highway building
• Increased focus on low cost housing
• General impetus to infrastructure and warehousing
FMCG, Consumer Durables
Impact on hiring: Slightly negative to stable
• Minor changes in tax rates
• Increase in indirect tax
Infrastructure
Impact on hiring: Positive
• Tax free infra bonds doubled to 60,000crores
• Encourage PPP models for road construction
• 8800km of road projects
• First infra debt fund with a outlay of Rs 8,000 cr has been launched
IT/ ITes
Impact on hiring: Slightly Positive
• Adhaar getting more mainstream
• Direct money transfer to be initiated
• Core banking being rolled out further
Telecom
Impact on hiring: Neutral
Media & Entertainment
Impact on hiring: Positive
• Tax sops for Bollywood
Manufacturing / Engineering
Impact on hiring: Positive
• Manufacturing industry on revival
• Delhi-
Healthcare & Pharma
Impact on hiring: Positive
• Multispectral programs to address maternal nutrition to be rolled out in select districts
• Proposed national mission for food processing
• 14,000 cr for rural drinking water and sanitation
Power/ Energy
Impact on hiring: Positive
• ECBs to part finance power projects
• Power loom mega cluster in Ichalkaranji in Maharashtra
• Thermal power cos exempted from duty for 2 yrs
Real Estate
Impact on hiring: Positive
• Allow ECBs for housing projects
Hospitality & Tourism
Impact on hiring: Marginally Positive
Warehousing
Impact on hiring: Positive
5000 crore allocated
Education
Impact on hiring: Positive
• Proposed 6000 new schools in 2012-13
• 7 more govt medical colleges
• Increased budget to various universities
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HeadHonchos.com is India’s premier job search portal, exclusively for senior management professionals. It has been founded by ABC Consultants, pioneer of organised recruitment services in India, with a vision to redefine senior management recruitment and to offer experienced professionals a robust online model that addresses their specialised job search requirements.
HeadHonchos.com provides a comprehensive listing of authentic, senior level jobs across industries in India, and a large database of senior management professionals for recruiters and employers. It also offers a range of specialised services that facilitate senior recruitment.
Visit :- http://www.headhonchos.com/
# # #
About HeadHonchos.com
HeadHonchos.com is India’s premier job search portal, exclusively for senior management professionals. It has been founded by ABC Consultants, pioneer of organised recruitment services in India, with a vision to redefine senior management recruitment and to offer experienced professionals a robust online model that addresses their specialised job search requirements.
HeadHonchos.com provides a comprehensive listing of authentic, senior level jobs across industries in India, and a large database of senior management professionals for recruiters and employers. It also offers a range of specialised services that facilitate senior recruitment.
Visit :- http://www.headhonchos.com/
