Renewable energy, e-commerce among top sectors for employment in 2023; here's what driving the growth

The Indian economy is growing strong despite global economic headwinds.

A slew of new industries have emerged as key drivers fueling this India growth story. Renewable energy, e-commerce, digital services, healthcare, and banking and financial technology are among the most potential emerging industries for employment in India in 2023. These industries are expected to expand further, providing a diverse variety of job opportunities for freshers.

The top three sectors with the strongest intent to employ freshers, according to a report, are information technology (67%), ecommerce and technology start-ups (52%), and telecommunications (51%).

Hariom Seth, Founder, Find.inc noted, “Fresher’s who are starting their career in 2023, they should look at opportunities that have the largest projected growth rate in the coming decade and match their interest & skills.” He stressed that the emerging sectors that shouldn't be ignored are Influencer Marketing, Ai & ML Engineering, NLP or Natural language processing and  Affiliate Marketing as well as Data Science. 

How to prepare for a demanding job market in 2023?

As prospective graduates and freshers, the trick here is recognizing sectors with a positive outlook and work abilities that will be in high demand in the future.

Job hunters should familiarise oneself with present market conditions and engage in the necessary skills and classes to improve their odds of getting their first employment.

Sahil Arya, Co-Founder and Director of Fat Tiger, shares “The hospitality sector has been a significant contributor to the global economy, and it continues to grow at an exponential rate. With the world slowly recovering from the pandemic, the industry is projected to experience a rapid growth spurt in 2023-24. This is great news for fresher’s looking to kick start their careers as the hospitality sector offers a wide range of opportunities. The hospitality industry is not limited to just hotels and restaurants. It encompasses a diverse range of businesses, including event planning, travel and tourism, entertainment, and even healthcare. Therefore, fresher’s have a wide range of options to choose from when considering a career in the sector."

Many Indian recruiters have stated their aim to recruit freshers; some to establish a steady supply channel, while others to substitute valuable resources with raw trainable talents. According to experts, the following are some of the emerging industries where fresher’s can begin their careers in 2023-24.

Dr. Deepak Jain, Founder, The Fragrance People, highlighted "As the job market evolves with the advancement of technology and changing consumer preferences, new sectors are emerging, providing fresher's with exciting opportunities to kick-start their careers. E-commerce has been growing at a rapid pace, and this trend is expected to continue. Fresher’s can explore careers in areas such as e-commerce marketing, logistics and supply chain management, e-commerce customer support, and e-commerce analytics. The retail and e-commerce sectors have seen a significant surge in demand over the last few years, and it is expected to continue in the coming years. These industries offer tremendous opportunities for fresher's who are looking to start their careers in 2023-24”.
 
“The retail industry is an evergreen industry that has been around for centuries. However, with the advancement of technology, the industry has undergone a significant transformation, and it has become an important player in the global economy. Retail encompasses a broad range of businesses, from small brick-and-mortar stores to large multinational corporations. E-commerce, on the other hand, is a relatively new concept that has emerged in the last decade. It involves the buying and selling of goods and services over the internet," he added.

Bringing her expertise, Nidhi Aggarwal, Founder, Spacemantra, said "As the job market evolves with the advancement of technology and changing consumer preferences, new sectors are emerging, providing fresher’s with exciting opportunities to kick-start their careers. Retail and e-commerce are two sectors that have been growing at a rapid pace in recent years, providing numerous career opportunities for fresher’s. With the pandemic accelerating the shift towards online shopping, the e-commerce sector is expected to continue its growth trajectory, while the retail sector is also undergoing significant transformation with the adoption of technology."

“In conclusion, retail and e-commerce are two sectors that are undergoing significant transformation, providing numerous career opportunities for fresher’s. They can explore various career opportunities in these sectors, such as e-commerce marketing, supply chain management, customer support, data analytics, retail merchandising, retail operations, and digital transformation”, she added.

While this is excellent news for recent university graduates, it is to be seen how these emerging trends translate into real hiring in the coming months.

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