Report: India Pharma Industry Expected to Grow 20% in 2016

Source: www.wheebox.com

Feb 12, 2016

According to the India Skills Report 2016, the Indian pharmaceutical sector is likely to create 134,000 new jobs this year, an increase of more than 20 percent compared to 2015's hiring numbers.

Data was gathered in 2015 when 150 employers and 5.2 lakh students in all sectors of India were surveyed July through October. The findings concluded that 33.6 percent of employers prefer to hire new talent, while 32 percent desire candidates between 22 to 25 years of age and with at least five years of work experience.

Experts suggest that by 2020 the Indian pharma industry is likely to be in the top 10 global markets in value terms. When it comes to job availability, the majority of the hiring will be seen in Karnataka, Kerala and Tamil Nadu where employers will hire B Pharma and M Pharma, respectively.

Finally, the report found that a majority of the hiring, 25 percent, is done through job portals while 18.75 percent of employers prefer to find new workers through HR consultants.

Learn more about the report's findings by downloading the full report here.

India Skills Report 2016 is a joint initiative of PeopleStrong, Wheebox in collaboration with Confederation of Indian Industry, LinkedIn and Association of Indian University (AIU).

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