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Hyderabad industrial sector to generate more jobs
Even as the IT industry is retrenching its staff massively, employment opportunities are set to grow phenomenally in industrial sector in Telangana, particularly in Greater Hyderabad and Hyderabad Metropolitan Area (HMA) in near future.
Hyderabad: Even as the IT industry is retrenching its staff massively, employment opportunities are set to grow phenomenally in industrial sector in Telangana, particularly in Greater Hyderabad and Hyderabad Metropolitan Area (HMA) in near future.
Thanks to the State Government’s new industrial policy - EODB ( Ease of Doing Business), the increasing investments in the industrial sector would provide huge number of jobs . According to a study conducted by the Government in association with HMDA and other agencies, industry employment would increase gradually and the job opportunities in agriculture sector would come down.
The employment creation in services sector would remain unchanged in the next 25 years. The study report has forecast agriculture employment would go down to 8.4 per cent from the present 9.6 per cent in 2031 and in 2041. It will decrease further to 7.2 per cent. In industrial sector, job creation would go up to 18.8 per cent from the present 17.6 per cent. In the next 25 years, more than 20 per cent of the employees would be from the industrial sector.
In the services sector, employment creation has gone down. In 2011, it provided 80 per cent of the total jobs in the State. It has been reduced to 72.8 per cent in 2016 and the same would continue till 2041.
The study revealed that the total population in GHMC and HMA area would increase to 1.80 crore of which 92 lakh people would get employment in the next 25 years. By 2021, the total population would be around 1.22 crore and the work force will be 54 lakh and in 2031, the total number of work force would be 72 lakh out of 1.51 crore population.
At present, the total population 1.096 crore and the total employment created was 46 lakh only. It is assumed that total work force participation would increase to 44.28 per cent in 2021 and 47.64 per cent in 2031.
The report said that the work force participation would increase to 51 per cent out of the total 1.80 crore population in 2041. At present, the work force participation is s 42.59 per cent out of 1 crore population in the HMA limits.
