Jun 6 2011
Tens of thousands of young Indians are heading back to India after studying abroad, according to the BBC. This is as a result of the economic downturn in the United States, and India’s growing economy.
India is an untapped market with a large population. In line with the growing economy, there is a growing affluent middle class with a higher standard of living. The country’s business environment is open to new and innovative ideas, making it an ideal starting ground for new businesses.
Economic analysts predict the increase in Indians’ incomes will have positive effects on industries such as education, tourism and healthcare
On top of this, India has one of the youngest populations in the world, with the median age of 25, which will ensure it maintains strong productions and knowledge-based competitiveness, according to analysts. This will therefore maintain the growing economy.
What this means for jobs
With India’s untapped market, entrepreneurial and creative executives would be able to launch private businesses in a new environment, rather than attempting to penetrate a saturated market.
India’s growing and stable economy means that the job market is rapidly growing, with demand across the fields, and in particular in the finance and insurance sectors.
With the availability of economic opportunities, particularly for new businesses. It looks like India is set to become a hub for innovative new businesses and producing a number of jobs for talented executives.
Learn more about executive search in India.
This article was written by Bella Barda, Emerging Markets Assistant from the Association of Executive Search Consultants (AESC).
BlueSteps is the exclusive service of the AESC that puts senior executives on the radar screen of over 6,000 executive search professionals in over 70 countries. Be visible, and be considered for up to 50,000 opportunities handled by AESC search firms every year. Find out more at www.BlueSteps.com.