InvestorQ : What in your view will drive the job creation market in the fiscal year 2022, since the government has spoken about many jobs being created?
Mahima Roy made post

What in your view will drive the job creation market in the fiscal year 2022, since the government has spoken about many jobs being created?

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3 months ago
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There are no prizes for guessing but the latest projection is that the job market in 2021-22 will be driven predominantly by the high growth and high potential IT sector. To be more specific, venture capital funded start-ups in Ed-tech, logistics and the gig economy are expected to the growth in job creation in the coming year. However, there is likely to be job destruction or reduction in the old economy sectors.

A recent report eloquently highlights that there is likely to be a premium that companies will be willing to pay for new-age digital skills like artificial intelligence, machine learning, data science, analytics etc. Specifically, in the technology sector, the hiring of workers is expected to revert to pre-COVID levels by March 2021.

According to the survey conducted, the most demanded roles will be of software developers, data scientists, web, and mobile application developers etc. The survey has also pointed out that there will be a hiring mix between remote talent and workplace model. Because of the predominance of the work-from-home or WFH model, one outcome will also be that more women will enter the tech sector workplace. 

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