Indian Ecommerce Set For Explosive Growth; To Generate 50,000 Jobs In The Next 2-3 Years
Hiring in Indian eCommerce market is posed for an explosive growth. As per research accomplished by various HR consultancy firms, it has been revealed that more than 50,000 jobs would be generated in the next 2 to 3 years by Indian eCommerce players.
Last year, eCommerce grew by staggering 88% to reach $16 billion inside India, owning to booming e-retail sales trends and attractive offers doled by various startups.
In 2009, the market was worth $2.5 billion, which increased to $6.3 billion by 2011. By 2023, it is estimated that the market would be worth $56 billion, or 6.5% of the Indian retail industry.
And such a huge market will definitely require skilled professionals and human resources to take the growth story forward.
As per a research done by HR consultancy firm Randstad India, it has been found that hiring by eCommerce players will increase 20-30% in the next 2-3 years as a several new domestic ecommerce startups will enter the market, along with entry of big players such as Amazon which is increasingly trying to gain foothold in this emerging market. Additionally, there are several other MNCs active in this market which wants to establish back office and technical support in India.
Another HR firm Unison International said that although hiring in eCommerce sector had been slow in the last couple of years, it will increase to more than 30% this year as various established brands in clothing and fashion sector will start online retail.
Overall, 15,000 – 50,000 new jobs would be generated by Indian eCommerce in the next 3 years.
For example, the recent Flipkart-Myntra deal worth millions of dollars can actually act like a catalyst for inciting further growth in this sector. Myntra vice president- human resource Pooja Gupta recently said, “The deal will only make Myntra’s fashion business stronger and we will target more aggressive scale – to this end, our hiring will continue to be extremely aggressive but selective,”
In another instance, Amazon said, “The industry is growing rapidly and there is still a huge potential for growth. Likewise, we have grown exponentially over the last 11 months and will continue to see growth. Our hiring will continue to match this pace and grow accordingly,”
As more and more Indians choose Online medium for their shopping requirements, travel arrangements and services such as bill payments, there would be a great demand in terms of skilled human resource in areas such as data analysis, social media, digital payment area, programming and engineering.