Top 5 Promising Job & Business Skills in India For Next 5 Years

In the Leadership of Honorable Prime Minister Mr. Narendra Modi, India has emerged as one of fastest developing economy of world. Investors across world are making billions of investment in Make in India and other similar initiatives of Government.

Time has come when each of us must recognize the potential of employment or business around us. In this regard we have prepared an exhaustive list of 5 promising job and business skills in India keeping the next 5 year time frame.

We have divided the skills into 4 groups:

1. Soft Skills
2. English Skills
3. IT Skills
4. Domain Skills

Soft skills is the most crucial skills among all skills. English skills is important for getting jobs or grabbing the business opportunities from different territory as english being the common international language and IT skills is definitely the must have as of today. 

Top 5 Promising Job & Business Skills in India For Next 5 Years

1. Hospitality Skills

Growing business of hospitality industry is in acute shortage of skill manpower. Even good paymasters like five star hotels are suffering for lack of skilled people. In Hospitality there is huge demand of some of the below mentioned profiles:

• Chef
• Cook
• House Keeper
• Captain
• Baker
• Customer Service
• Waiter/Waitress
• Front Office/Reception
• Supply Chain Manager
• Supervisor
• Hostess
• Event Manager
• Reservation Agent
• Travel & Tours Agent
• Security Officer/In charge

Further in Hospitality Industry the Chain or Franchisee system is increasing in leaps and bounds. There are giants like KFC, Pizza Hut, Domino's and many others who have excellent track record of profit oriented business. In India we have seen generations engaged in these business of food & hospitality. We recall in many cities of India there are certain dishes famous of certain sweet shop or restaurant and it is always crowed. This is actually their success of skills. 

Indian and continental both cuisines are getting good response as the purchasing power of middle class income group has increased in recent years. Urban families love to spent on outing at least once in week or month as per their budget. Overall we can say that to start a business with well planned strategies related to hospitality industry like Restaurant, Food Chain, Services of Hotel Management will prove a profitable business.

2. Retail Management Skills

Spending time in Malls, Super Markets and Shopping Centers is the new fashion. Youths find it better spot to spend quality time. In every big city of India there are big malls of Future Group, Easy Day, Big Bazar, Shoppers Stop and many more to name. These large malls require hundreds of manpower in shifts. In next 5 years this Retail Industry will have tremendous expansion. Again, skilled manpower is crisis of the hour and employers are unable to find them even on good payscale. Below are some job profiles which are in demand:

• Retail Sales Associate
• Salesperson/Sales Executive
• Marketing Officer/Manager
• Floor Incharge
• Team Leader
• Store Supervisor
• Cashier/Accountant
• Customer Associate
• Security Guards
• Security Officer/Supervisors
• Delivery Boy

Service Quality and Marketing Mix skills are important in Retail sector job. The soft skills and sound knowledge of product or domain makes one the champion these jobs. Once the person is experienced working with one brand then his market value increases and in next job the hike is sure. These retail jobs are flexible is hours and also offer the options of Full Time and Part Time Jobs. 

Entrepreneurship skills in retail sector is one the most preferred profession. Department store and retail outlets attract good number of footfalls due to design and quality of service. Brand is recognised and deliver greater revenue. In conclusion we could say that business in retail industry is set to maximize the profit and touch the new height of economy.

3. ICT- Information Communication and Technology

In modern society ICT is ever present. With over 3000 crore people having access to the internet and with approximately 8 out of 10 internet users owing a smartphone, information and data are increasing by leaps and bounds. This rapid growth, especially in developing countries has led ICT to become a keystone of everyday life.

ICT is an umbrella term that includes any communication device or application, encompassing: radio, television, cellular phones, computer, laptop, tablets and network hardware and software, satellite systems and so on. It also includes various services and applications associated with them such as videoconferencing, Online learning, virtual learning and distance learning.

Below are some hot job profiles under ICT which assure a job in the industry:

• Data Entry Operator
• Computer Operator
• Office Assistant
• Web Developers
• Database Administrator
• Network Administrator
• Customer Support Officer
• Help Desk Engineer
• IT Support Manager
• Programmer
• Software Engineer
• Telecommunication Specialist
• Social Media Expert
• Technical Support Supervisor
• Java Developer
• Hardware & Networking Officer
• Mobile Engineer

Apart from the job profiles listed above there are endless profiles as per local job market. It is very easy to get hands on experience in these profile and earn handsome salary. These all are white caller jobs and people enjoy doing these jobs.

In ICT there has been growth since IT Revolution in India in Year 2000. After passing 16 years to this revolution, today the business market is full of competition. Mobile manufacturing companies are launching one or more handsets daily. E Commerce has served as the biggest platform of sales for them. Business opportunities in ICT is simply the biggest. Those who wish to start their business with honest efforts in ICT, will definitely reap good revenue in coming 4-5 years.

4. Banking and Financial Services

In India there are 19 nationalised banks, 22 private sector banks and 58  Regional Rural Banks. Apart from banks there are non-banking financial services organization like Bajaj Capital, Shri Ram Finance, Indiabulls etc. This sector is also having a huge potential of growth. Overall it is money which drives all the business.Skilled manpower is not available due to which many of the organisations are unable to expand their wings. There are certain job profiles which will be in demand for next 5 years.

• Loan Officer
• Financial Analyst
• Sales Officer
• Customer Care Executive
• Collection Agent/Manager
• Insurance Agent/Advisor
• Credit Cards-Sales Officer
• Mutual Funds Advisor
• Customer Service Office
• Investment Planner
• Relationship Manager
• Sales Trainer
• Team leader-Business Development
• Tele-Marketing Executive
•  Phone Banking Officer

These jobs are already available in banking and financial services industry and demand of competitive skilled people is on large scale. 

In this sector there are dealers who operate on a small level of area as contact center or branch or collection center. KIOSK are also operation in gram panchayat level but nor organised well. This sector shall realise the growth now. There are new banks coming up and they shall make the environment full of business opportunity. This is also one of highest promising business opportunity.

5. Solar & Wind Energy

This sector is still underestimated by government and people both. In last 4-5 years government has subsidised the purchase of these products but still a lot need to be done.There are good job prospects and business opportunity in Solar and Wind Energy related works. As india is surrounded by sea shore in three directions, this is why there is opportunity to start job or business and earn. If explored well, the earning could be anything..!

The policies of government and economy both are in upward direction making a destination of investment for world. This require a bit of confidence to start. When it is initiated with determination, Success follow your steps.