2018 will exhibit spectacular opportunities in Skill development, innovation based technologies and Smart courses
Talent analytics will be the focus area
The year 2018 will be the year of skill development, innovation based technologies, Talent analytics, automation, advanced IT and smart courses. Services sector will create 70 percent employment opportunities in the country. New Year will exhibit spectacular growth employee recruitment and 10-15 percent increase in salary hike. Net employment outlook is two percentage points higher than the previous quarter. In 2018 employees will be rated based on talent analytics or people analytics with the use of big data. Artificial intelligence, Internet of things, analytics, social, mobile, cloud services, machine learning, E commerce, food processing, health services, ayurveda, yoga, accounting, Banking, Financial and insurance services will show robust growth in the country. GST and Demonetisation will create opportunities in accounting, logistics, supply chain management, retail management, e commerce, digital marketing, e banking and mobile banking in the Country.
Retail sector in Tier2 and 3 cities in India will witness higher investment than metro cities. Lack of space, increase in rentals and high land price affect retail sector in metro city malls. India will continue to emerge as the third largest start-up ecosystem in the World. There will be substantial growth in Entrepreneurship, start-ups and fin techs in the country. Students will try to become employers after establishing start-ups in ICT, agri allied, food processing, education and other services sectors. New start-ups will emerge in Agriculture, fin tech, logistics, supply chain management, analytics, allied agri sectors, e-health, e commerce and other services sectors in the country. At a time when prospects for ready to eat and ready to cook products are emerging across the world, food processing sector will exhibit annual growth rate of 25 percent in the country. Food outsourcing will improve and food market will emerge as 60 percent of retail market in the coming Year.
Lot of transformations are taking place in the career sector. Nature and future of works are changing. International labour organisation realised these facts and working for a sustainable strategies in this system. Talent and technology tuned jobs are emerging. Automation started replacing the traditional sectors.
Recent FICCI, NASSCOM and EY reports suggest that by 2022 job scenario will undergo total transformation. Due to globalisation, digitalisation, change in demographics and advancement of technologies, by 2022 nine percent work force would be in new jobs which do not exist today. 37 percent would be in jobs which will radically change the skill sets. 21 percent of workforce will face existential threat. 20-25 percent jobs will be in organised sector and the share of organised sector will reach 10 percent from the current 8 percent level. Thus organised workforce will be around 46-48 million by 2022.
Manufacturing, Construction and Skill development courses
During 2017 Make in India, Digital India and Skill India cannot create envisaged employment opportunities in Manufacturing, Information and Communication technology and skill development in the country. Realising the shortfall, Govt of India will facilitate to create more employment opportunities during 2018 as part of pre election home work. Skill development will be the area of focus during the coming year. There is a huge skill gap between available and required skills in the country. Manufacturing sector which is providing only 12 percent employment opportunities can create up to 20 percent employment opportunities in 2018. Construction and infrastructure sectors will create more employment opportunities which can facilitate Architecture, Civil, Mechanical, electrical and electronics, electronics and Communication, Computer, IT and Biomedical engineering in the coming years. Core engineering graduates will be benefited when compared to specialised cadres. Graduate programme will emerge as benchmark qualification and students require post graduation, post diploma or skill development programmes as value added courses to succeed in the career market. Globally skill development will emerge as the cardinal for recruitment. Moreover potential employers may give due weightage to soft skills of the prospective employees. Social, mobile analytics, cloud services, artificial intelligence, internet of things, machine learning, deep learning and automation will emerge as advanced IT services and create more employment opportunities. Future business is going to be social. Internet of things may acquire more security issues during 2018 and Cyber security and Ethical hacking courses will create more employment in the country. Internet of things will face cyber security issues in the coming year. Green technology will emerge as one of the potential sectors in India giving due initiatives to improve quality of air we breathe and clean, affordable and reliable sources of energy.
Hospitality, Art &Design
Hospitality, Tourism, Retail, Supply chain, logistics and agri business management sectors will exhibit increased growth rate. There will be more takers for Hospitality management, Hotel management, airline and airport management and transport management courses. Art and design will be the area which can create lot of employment opportunities globally. Number of students aspiring for foot wear design, Fashion technology, Apparel design, fashion design, furniture design, jewellery design and Bachelor of design programmes of Footwear Institute of India, National Institute of Design, National Institute of Fashion technology and Indian Institute of Technologies will increase during the year 2018.
Campus recruitment will increase over 40 percent during the year 2018. There will be emergence of smart cities which will create more employment opportunities for smart courses. Smart cities envisage for sustainable, high quality of life in terms of infrastructure, mobility, connectivity, technology, environment, availability of resources and overall living conditions and experience. It is an urban renewal and retrofitting programme to develop 100 smart cities in India which will focus on urban infrastructure, planning, transportation and shared services. Global move to reduce the use of fossil fuels like Petrol and Diesel will pave way for electric, solar or hybrid vehicles which in turn facilitate spectacular growth in Automobile design and engineering. Hybrid and Integrated courses like mechatronics, biomedical sciences, bio informatics, developmental sciences, climatology, humanities and social sciences, English etc will acquire more importance. There will be increase in numbers of students aspiring for integrated post graduate courses and inter disciplinary research in the country.
There will be huge prospects for Science, Technology, Engineering, Agriculture, Mathematics, Management and health related courses. Demand for STEM students from India will increase in United States. Physical and Biological sciences will acquire momentum as a sequel to research opportunities existing in developed countries. Chartered Accountant, ICWAI, chartered institute of Management accountant programme, Chartered management accountant, CIMA global, Asset management, Risk assessment, financial analyst, actuarial science, project management and ACCA programme will attract more students. Combined accounting course with GST compliant courses will evolve which can create more employment opportunities. Prospects for commerce, Business studies and management programmes will increase. International business and trade related courses; intellectual property rights and patent law will attain more importance at post graduate and doctoral level studies. Journalism courses under new media and research will create more employment opportunities. Courses related to performing arts, dance, music, film production, visual media, visual communication, business economics, business communication, animation and mobile gaming will create more job opportunities. Genomics, Connectomics, embedded systems, drug resistance, Internet of things, etc will be the focus of research.
Rural internet users will increase by 22 percent per year whereas urban internet users by 7 percent per year reaching 263 million in the country. 1/3rd youth in the World are not online which will be around 346 million. Skills to meet corporate challenges will increase. Management education will become an added edge to every academic discipline. E commerce, Technology, healthcare management, retailing, corporate communication, digital management and business analytics will emerge as the potential sectors in the year to come. Right management programme with competent faculty will provide right education, industry academia interface, field work and better employment prospects.
Health and Interdisciplinary research
Inter disciplinary research will be more focussed on sustainable development, multi drug resistance, tuberculosis, public health, developmental studies, climatology, food safety etc. New regulations will create more opportunities for studies in food safety, food security, goods and services tax, value addition, etc in the country. As part of AYUSH, Ayurveda, Yoga, Unani, Sidha and Homeopathy courses will attract more number of students. Ayurveda will globally emerge as one of the most wanted courses in the years to come.
Agri & Allied courses