Retail, FMCG sectors to add 276,000 new jobs in April-September: Report
Retail and fast moving consumer goods and durables (FMCG&D) sector together is likely to add 276,000 new jobs in the first six months of the current financial year following the entry of foreign retail giants, the report said. According to TeamLease Services biannual ' Employment Outlook ' report for the April-September 2019-20, the retail sector will witness a 2 per cent increase in net employment outlook, resulting in the addition of 166,000 new jobs while (FMCG/D) will see a 1 per cent growth adding 110,000 new jobs. With 27,560 new jobs, Delhi will top the list in retail followed by Bengaluru with at 22,770 new jobs, it said. The report revealed that the exponential growth witnessed by the sector coupled with entry of foreign retail giants, capacity expansion and acquisitions are some of the key drivers of the job growth. The report was done across 19 sectors and 14 geographies, surveying 775 enterprises in India and 85 businesses across the globe to evalu