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The year 2005 was an age of IT surge that witnessed springing of Indian IT
multinationals, with the traditional Indian centric players beginning to build
perceptible presence abroad via cross border acquisitions, onshore contract
wins and organic growth in other economical locations.
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The Indian IT workforce market must gear up to face the heavy demand for
skilled world-class manpower in the near future. According to a recent report
by NASSCOM, it is estimated that the requirement of IT professionals in
domestic and exports sector for the year 2001-02 was 522,250 which grew to
8,13,000 in the year 2003-04 and the figure is surging on at an undaunting
rate.
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It was further noted that the median age of any software professional in an
industry is about 27.5 years, which means tremendous scope for fresh software
professionals who look to evince their skills in this happening industry.
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Besides, it is envisaged that the need for new work force of IT professionals
would also rise as the result of latest softwares and cutting edge
technologies, foraying the sector every now and then.
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Now, and in times to come, IT industry has tremendous potential to offer an
expounding growth platform for the new entrants, with excellent pay packages
and sumptuous working environment both, across the country and abroad.
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The development of Single Office, Home Office (SOHO) concept and the world
moving on to paperless office has therefore generated mass dependency on
computers in every office. This in tandem has called for a hike in software
professionals in all the industries to make processes work efficiently in a
streamlined manner.
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India, with a population of over one billion is one of the largest growing
economies of the world in terms of purchasing power, safeguarding consumer
interests and the like. It has a strong middle class base of over 300 million
which is the biggest promoter of Consumer FMCG products in India.
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Besides, the introduction of wide distribution networks, intense competition,
availability of key raw materials, low labor costs and presence of mediators
across the entire value chain have resulted in a thriving market for FMCG
companies.
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Currently, the Indian FMCG sector is the fourth largest sector
in the Indian economy with a total market share exceeding US$ 13.1 billion. It
has a strong MNC presence and is characterized by a well established
distribution network, intense competition between the organized and unorganized
segments and low operational costs.
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The FMCG market is slated to treble from US$ 11.6 billion in
2003 to US$ 33.4 billion in 2015. Penetration level as well as per capita
consumption in most consumer product categories like jams, toothpaste, skin
care, hair wash etc. in India indicates low untapped market potential.
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Burgeoning Indian population, particularly the middle class and the rural
sector, present an opportunity to makers of branded products to draw consumers
to themselves. Growth is also likely to come from consumer 'upgrading' in the
matured product categories, with 200 million people expected to shift to
processed and packaged food industry by 2010.
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With such a tremendous growth potential evident in near future, Indian FMCG
panorama is bound to take a quantum leap, which will also give way to new
products that will thrive market places – A complete consumer bargain.
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Higher education in India is gasping for breath at a time when India is aiming
to be an important player in growing knowledge economy. With a huge network of
about 300 universities and deemed universities, over 15,000 colleges and
hundreds of national and regional research institutes, Indian higher education
and research sector is the third largest in the world, in terms of the number
of students it caters to.
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However, not even single Indian university/Institute (with exception of IITs
ranked at 41) finds a mention in a recent international ranking of the top 200
universities of the world.
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On the other hand, it is also equally true that there is no single arena and
sector in the world remaining untouched that is not being benefited (directly
or indirectly) by Indian alumni from prestigious universities, colleges and
institutes such as IITs, IIMs, RECs, and much more. The success mantra of
Indian professionals has been sung time and again in world’s most reputed
organizations like NASA, IBM, Dell, Microsoft, Intel etc.
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With changing equations in economy and corporate structure world over,
classrooms have turned into the grounds of practical training, emphasizing on
both individual and group performances.
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Hence, education system has come a long way from being obligatory to be a
graduate to moving into various arrays of vocations leading him/her to the
dream job. Education has become an industry by itself, providing immense job
opportunities to freshers, who foray the arena of potential job market.
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There was a time when a winning smile, a compliant attitude, and an ability to
make a bed or a decent drink qualified you for a job (although not necessarily
a career) at a local hotel, restaurant or inn.
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But now the times have changed. Today, hospitality is a growing industry that
generates nearly $90 billion annually and employs nearly 18.5 million people
nationwide, with employment opportunity is expected to increase by 10 percent
in a 3 years span. The industry is seeking bright, dedicated and enthusiastic
youngsters whose marketing and management skills match with the company policy
norms.
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The qualifications required to indent the jobs in hospitality industry require
prior experience or training. Besides, there are various colleges and
institutes offering different courses in hospitality management, cooking,
housekeeping, presentation etc. that have proved fruitful to both hospitality
industry and jobseekers.
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Colleges and universities are offering both certificate and bachelor degree
programs. Students who earn a certificate in hospitality management typically
specialize in either food and beverage or lodging management. Associate degree
programs can be general or specialized. The salary levels in the industry are
quite lucrative, and it offers a complete fun filled and adventurous lifestyle
amalgamated with vertical growth and business driven incentives.
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There's optimism among industry professionals in the sense that local and
global challenges can be overcome and that growth trends will meet or exceed
predictions. If so, the hospitality industry will continue to provide good
jobs, flexible work schedules, higher wages and career opportunities for
millions of workers.
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With more and more Multi National Companies investing in India, the craze for
Business Process Outsourcing (BPO) has undergone upfront boom in metropolitan
and cosmopolitan townships. New companies are turning their eyes in this sector
each day; with the existing companies recording rapid growth pattern at an
unabated rate.
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The current scenario in the Indian BPO industry has diversified its attributes
in number of ways and channels, from the old and existing businesses. Even its
nearest competitor, IT industry shares only a few features.
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The most potent features making BPO sector distinct from other industries
include:
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Reach: BPO industry has reached masses. Any
college degree holder can be employed in this sector.
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Customers: The customers of BPO industry
range from diversified arenas that include mobile companies, banks, healthcare
companies, insurance companies and much more.
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Infrastructure: To keep people motivated
against the erratic work environment, BPOs are paying very high salary packages
(INR 15,000 TO 50,000) as compared to other industries. Such high salary
structures are offered to individuals despite their lower educational and
professional qualifications.
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Training: Those employed in a BPO sector
undergo rigorous monitoring and training schedules which are of world class
standards, and enhance the working capabilities of an under graduate or a
graduate beyond distinction.
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Quality: Driven by the customers, the Indian
BPO industry like the other industries has started moving into the quality
certifications like COPC, ISO9002 and BS7799. It further includes the tough
standards that the service providers are required to achieve on regular basis.
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Recruitment: Taking BPO industry on whole,
the sector is recruiting best manpower at the entry level from diversified
streams. Following this, the industry is putting them in a world class
environment, training them at international standards and preparing them for
their customers at international levels.
BPO Industry 10 Years From Now:
According to a survey done by Business Standards almost 90%
staff of a well known BPO was replaced in a year's time. This proves that
the retention power of BPO is very less and thus the industry is recruiting
newer talents on regular basis.
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Media is gaining power and making its presence felt in different sectors daily,
with its increasing influence on the audience. The advent of new means of mass
communication methods like television, satellite communication and internet in
recent times, the spread and impact of media has undergone many folds.
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In present scenario media means:
M - Maximize
E - Effect
D - Directly by
I - Influencing
A- Audience
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With the introduction of ENG, exclusive news channels have sprouted the TV
screens every now and then. Besides, entertainment, education and cartoon
channels have invariably increased the requirement of the man power in this
industry to substantial amount.
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Many of passionate youngsters who’d like to grow and do something to prove
themselves are gorging in the field of media. With the opening of many colleges
and institutes providing courses in print and electronic media, many trained
professionals are making a steadfast change in this area of activity. Other
allied fields included in media are advertising and public relations. The
career in these fields too are growing at a fast pace.
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We are living in an information rich atmosphere, wherein, news happens every
second, and hence the role of media comes in. The job scope in media is
tremendous as compared to other industries. No matter which segment of media
one wants to opt for, there is a lot stored provided you have extempore
creative skills to exhibit.
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Tourism is an export oriented service sector, which has the potential to create
employment opportunities, particularly for unskilled and semi-skilled workers.
The industry houses tremendous prospects for growth; given the benefit that
Mother Nature has endowment upon India, offering rich landscape in the form of
biodiversity, forests, rivers, mountains, monuments and culture.
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The realm of tourism transcends boundaries and nations. Talking of Indian
perspective, globalization has further served an impetus to tourism industry
with a phenomenal rise of foreign tourists. According to survey conducted by
Federation of Hotel & Restaurant Associations of India, the foreign
tourists visited in India during the year 2004 were 3 million, which means a
huge amount of foreign exchange plus employment to number of people.
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The must haves for candidates interested in this field are:
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Good communication skills
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Aptitude for figure work
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Awareness of people, places and areas of interest
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Organizing Ability
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Aptitude for languages
Not just the tourism is expected to grow at an amazing pace
creating a lot of job opportunities than ever before. Seeking the present
scenario of the Indian professional of investing more than their ancestors the
Travel and Tourism Industry is surely going to rise by many folds in near
future.
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In today’s world of globalization, no country can survive in isolation. The
interdependence between the countries drives each economy towards perpetual
growth. Taking the purview of Indian market scenario, last few decades have
witnessed a rapid growth in the Indian imports/exports segment as compared to
the GDP growth. The key responsible factor has been the Foreign Direct
Investment (FDI).
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Besides, it is positive result of globalization there has been generation of
many job opportunities in the field of imports/exports, and thereby recording
an increase in the demand of manpower for filling various job positions.
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As on August 31, 2004 the government spelt out a bold vision to double India's
share in world trade within five years, together focusing on the generation of
additional employment in the process. The current trade figures indicate that
India is not only on the right path but approaching the goal at an accelerated
pace.
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Out of many objectives kept under the Foreign Trade Policy (FTP), one of the
major objectives was to provide a thrust to employment generation particularly
in semi-urban and rural areas. FTP announced special focus initiatives in the
employment intensive areas of agriculture, handicrafts, handlooms, gems and
jewelry, besides leather and footwear industry.
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The employment generation has been encouraging not only in these sectors, but
in other sectors too as well. A study commissioned by the Ministry reveals that
exports generated an incremental direct employment of almost a million jobs in
the year 2004-05. The total employment generated during the year corresponding
to export activity valued at US$ 78 billion was 100 million jobs – 86 million
direct employments, and 14 million indirect employments in the logistics,
transport and allied sectors.
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The study further reveals that if we able to achieve our target of US$ 150
million over the next four years, we shall be adding further 10 million jobs
i.e. 85 percent direct employment and 15 percent indirectly associated jobs.
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The word Pharmacy has been derived from the Greek word "pharmakon", meaning
drug. Pharmacy, since time immemorial, was considered as an allied branch of
healthcare service. But, today the discipline of pharmacy has made enormous
progress and has matured as a distinct and independent branch mainly through
the acquisition of the wealth of knowledge, research and a vast array of drugs
and therapeutic remedies.
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About two decades back, the degree holders in pharmacy industry were meager.
But the times have changed, and there are about 300 pharmacy colleges providing
degrees like B.Pharma/M. Pharma/PhD and almost 35,000 pharmacists coming from
diversified arenas such as Bio-Tech, Bio Informatics and IT.
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Today, the pharmaceutical industry is playing a crucial role in building
country's human capital. In India, it is amongst the top science-based industry
with wide range of capabilities in the complex field of drug technology and
manufacture. Industry's crucial role in economy building is evident in the form
of improvement in life expectancy of an individual which has risen from 41.32
years in the sixties to 61 years. With increased availability of medicine and
healthcare facilities the mortality rate has come down considerably.
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The value of Pharmaceutical Industry is growing from strength to strength and
as per an Ernst & Young report last year, the value of the international
Pharma market was estimated at $4.5 billion, with India occupying fifth
position in the world under bulk drugs manufacture category.
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Golden opportunities galore for qualified Pharmacy professionals in various
countries including the U.S.A. and Canada; European untries like U.K., France
and Germany; African Countries like South Africa and Nigeria; Gulf Countries
like Saudi Arabia, Kuwait; South East Asian Countries like Singapore, Korea,
Japan, etc. and the Australian Continent including New Zealand.
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In times to come, there is no looking back for the Pharmacy professionals, who
have an effective podium before them in the arena of medicine research and
other allied areas of pharmacy development.
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Over the span of 16 years the increase in the use of mobile phones has been
phenomenal, from 11 million users in 1990 to 500 million users at present. This
number has been on continuous increase with many trendy mobile phone sets
scintillating the showrooms in downtown market places.
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As per the reports of Mr. Yoshio Utsumi, Secretary General, International
Telecommunication Union, the number of mobile users is increasing day by day at
a faster pace of 250,000 users per day all over the world.
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Ranked sixth among the world's telecom sectors, with US$93.2 million telephone
subscriptions by the fiscal year 2004, Indian telecom is rated as the fastest
growing industry taking competitive edge over happening mobile companies.
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The Indian telecommunication industry, therefore, offers an ideal setting for
hiring human resources. The rise in demand for telecom services in India is not
restricted only to the basic telephony services. It has rather expanded its
horizon to cellular, radio paging, value-added services, Internet and Global
Mobile Communication by Satellite Services (GMPCS) in the country.
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The requisites to get into the industry include:
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Computer Programming
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Software Design
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Cellular Technology
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Data Compression Skills
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Business Knowledge
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Interpersonal Communication Skills
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Sales ability with knowledge of telecommunications terminology
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The sector is not just restricted for engineers, but people from various other
fields like Public Relations, Product Management and Customer Support are also
required in it. This will be good news for job seekers who’d surely like to try
their fortune and grow with most lucrative sector.
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Real estate is a money churning industry where individual performers earn
handsome money. It is simply a game of money. On the other hand it is also a
potent ground and a biggest job provider both to the skilled and unskilled
labor.
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However, with the changing market dynamics, the job potential in real estate is
not just confined to construction or civil engineering. The growth of organized
building industry, especially housing and urban development has spanned
plethora of opportunities and the benefits are reaped by all the professionals.
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Now the tastes of people are changing and they are becoming more and more aware
about the design and space deployment. This has resulted in an impending demand
over the shoulders of architects to design and structure the interior and
exterior décors of their apartments and villas.
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Allied services like landscaping, plumbing and electrical installations have
also been benefited from this unprecedented boom. Town planners are of the
opinion that economic growth of 8% can push real estate and infrastructure
growth by 20 percent.
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Just like Information Technology sector, today real estate has also become a
profitable proposition, witnessing a huge growth in a short span of time and
still going strong. Research shows, that currently, the Indian real estate
industry is valued at US$50 billion, and this is expected to grow at the rate
of 25 percent on an annual basis.
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Graduates in the real estate industry are being employed as asset managers,
project managers and entrepreneurs. The percentage of respondents pursuing
entrepreneurial activities is also fairly high.
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With India offering enormous usable space, there is a scope for unabated growth
in real estate industry for every type of individual profile, namely,
accountants, architects, interior designers, planners, lawyers, and much more.
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