INDIA:GOOD NEWS FOR EMPLOYMENT:

GOOD NEWS FOR EMPLOYMENT:
Nearly a million jobs to be created in 2010-11



India would see nearly a million jobs created in 2010-11, 35% more than in the current fiscal year, says a survey by human resources firm Ma Foi Man agement Consultants Ltd.

The annual Ma Foi Employment Trends Survey, released on Wednes day, predicts healthcare and pharma firms would lead the hiring, adding 295,000 jobs to their existing work force of 3.37 million.

The hospitality and travel sector would add 137,000 jobs to an employ ee base of nearly six million, followed by real estate and construction that would add 136,000 people to its work force of 730,000, the survey esti mates. The information technology (IT) and information technologyena bled services (ITeS) sector is seen add ing only 97,000 jobs to its base of 1.8 million.

Ma Foi, a unit of Dutch human resources firm Randstad Holding NV, surveyed chief executives or human resources heads at 1,000 companies across sectors in India.

Hiring, however, will gain traction only in the second quarter of 201011 as companies are still cautious about the economic recovery, said E. Balaji, chief executive of the Indian arm of Ma Foi.

India's economy is estimated to grow at 7.2% in 200910 and at 8.5% in 201011. It grew at 6.8% in 200809.

"Companies will pick up in hiring in MayJune. People will wait to see the first quarter performance," said Mad havi Lall, human resources head for India and South Asia at British bank Standard Chartered Plc.

The bank plans to add 2,500 people in India in 2010, on a par with its addi tions in 2009.

Sectors such as education, training and consultancy are expected to add 83,000 jobs in 201011, followed by manufacturing with 68,000, banking, financial services and insurance with 46,000, transport, storage and com munication with 27,000, energy gener ation and supply with 15,000, and trade with 13,000, as per the survey.

On Tuesday, Manpower Inc. fore cast brisk hiring in the AprilJune quar ter, India topping the 36 countries sur veyed.

The number of organized temporary jobs is estimated to grow 18% quarter onquarter in the first three months of fiscal 201011, up from a 1114% rise in the JanuaryMarch period, says staff ing firm Teamlease Services Pvt. Ltd's survey released on Wednesday.

The Teamlease Annual Temp Salary Primer 2010 predicts wage increases of 7.2515% in the coming fiscal year, up from an average increase of 5.25% in 200910.