Jobs in India

India is on the verge of another job revolution. Retailing is tagged as the next revolution after the IT and ITES. It has taken the Indian job market by storm. Like the IT and ITES companies that have employed millions of fresh and experienced professionals, the retailing sector is also expected to create so many job opportunities to the millions of unemployed in India. The revolution has already started with both Indian and international majors like Reliance, ITC, Bharti-Wal-Mart, Heritage Fresh, Shoppers Stop, FAB India etc are opening their super markets and super market chains not just all over the various metropolitan and cosmopolitan cities in the country but also over the second tier cities and other fast growing/developing cities of the country.

In December 2006, Mukesh Ambani’s RIL, announced about their retail plan of opening around 5000 retail outlets in 1500 cities and towns, with an investment close to Rs 25000crores, which would create over a million jobs. It is estimated that the retail sector will be creating a whopping 3 million new jobs by 2011. Out of this, a million jobs would be created by RIL’s mega venture alone. The salaries also are expected to increase in this particular by around 30%. All these numbers point to one thing and that is retail sector has an untapped potential in India.

The Future Group, formerly known as Pantaloons, realized the scope of growth in the retail sector and is one the first companies to start their retail chain in various cities of India. Its total workforce of 16000 employees in 2006 is set to increase to nearly 130,000 by 2010. According to an ICICI Bank report, the retail which includes both organized and un-organised, makes about 10% of India’s GDP. Also, retail sector employs 8% of the workforce. Another retail solutions company, India Retail School’s Ashish Mahajan says “We need 8 million people in organised retail by 2011, of which about 500,000 would be working in the 300-400 malls that would be there by then”.

The driving force behind the retail boom would be the candidates in their early twenties, working women, fresh MBA graduates etc. Apart from these, the high growth in the services sector and an ever increasing urban population are being instrumental in the growth of the retail sector. The 30% increase in the salaries which is expected grow further with an increase close to 60% is truly shifting the balance from other industries towards retail industry.

A sales executive in a particular retail outlet should be thoroughly knowledgeable about the goods that are sold in the outlet. Apart from regular retail careers, professionals from Supply chain, Visual Merchandisers etc are also making good money with the booming retail sector. But, mostly, the demand is for store managers, department managers, sales executives etc who play a major role is actual selling of the products without which no business can literally flourish.

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