Bangalore: Irrespective of the political furore over entry of foreign direct investment (FDI) into the retail and aviation sectors, the impact on the organised job market is likely to be highly positive, say experts.
FDI will spur more investments, lead to expansion and mergers and acquisitions, and change ownership in retail and aviation. All this will ultimately create more jobs, they said.
Aditya Narayan Mishra, president - staffing, Randstad India, an HR services firm, said it is not possible to cite a precise figure for the number of jobs that FDI in these sectors will create. But hiring will happen at a faster pace, he said.
Randstad estimates that the consumer retail sector will add over 54,000 jobs this year, while aviation will give direct and indirect employment to 1.7 million people.
Kumar Rajagopalan, CEO, Retailers Association of India, said for every 250 sq ft of retail space that is added, one new job is created. “With FDI, the opportunities will be more,” said Mishra.
20/09/12 Priyanka Golikeri/Daily News & Analysis
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FDI will spur more investments, lead to expansion and mergers and acquisitions, and change ownership in retail and aviation. All this will ultimately create more jobs, they said.
Aditya Narayan Mishra, president - staffing, Randstad India, an HR services firm, said it is not possible to cite a precise figure for the number of jobs that FDI in these sectors will create. But hiring will happen at a faster pace, he said.
Randstad estimates that the consumer retail sector will add over 54,000 jobs this year, while aviation will give direct and indirect employment to 1.7 million people.
Kumar Rajagopalan, CEO, Retailers Association of India, said for every 250 sq ft of retail space that is added, one new job is created. “With FDI, the opportunities will be more,” said Mishra.
20/09/12 Priyanka Golikeri/Daily News & Analysis
