7 lakh jobs in private firms in 2020

Private sector players are likely to create seven lakh jobs and the overall increase in salaries is projected to be around 8% in 2020, according to a survey.

“Around seven lakh new jobs are expected to be created in 2020. Major contributors will be start-ups,” MyHiringClub.com & Sarkari-Naukri.info CEO Rajesh Kumar said. Bengaluru, Mumbai, Delhi- NCR, Chennai, Kolkata, Hyderabad, Ahmadabad and Pune were among the top of places generating a total of 5,14,900 jobs and the rest of jobs opportunities will be in Tier-II and Tier-III cities.

In 2020, retail and e-commerce sector will lead the table and is expected to generate 1,12,000 jobs, followed by IT & ITeS (1,05,500), FMCG (87,500), Manufacturing (68,900), BFSI (59,700) and Healthcare (98,300), the survey said. PTI