Private sectors like the Information Technology Industry, the FMCG Companies, and the construction sector are the main contributors to the growth of India’s economy. However, there are some exceptions like the Pharmaceutical and Biotechnology industries and the banking industry.
There is one common factor that all these sectors share and that is a hefty amount of salary provided to their employees. This article will highlight the facts about India’s largest-growing private sector and highest-paying jobs in India.
Private jobs in India
Private jobs in India provide a bright future to millions of professionals around the world. The demand for skilled professionals such as software engineers, IT professionals, and mechanical engineers is increasing day by day. As per the US Department of Labor, there are thousands of vacant job positions for these professionals in India. As far as the career graph of the educated Indian is concerned, it is very bright. In fact, an educated Indian has a bright future and has better prospects than his counterpart from any other country.
If we take up the job scenario of the private sector then the government sector to is growing rapidly. In fact, the number of Government jobs is growing at a faster pace. This huge number of jobs is mainly contributed by the incumbent government of India. They are inducting more people for these jobs as per their requirement and requirements. This also includes those jobs that are created within the government sector such as promotions, incentives, postings, etc.
Private sector vs Government sector
When it comes to the private sector, salaries are pretty high. Salaries are higher in the Government sector as well. But the difference between the two is that the salary of a Civilian is fixed whereas that of a Civil Officer or an Executive is variable. This variable salary is again dependent on promotions, appointments, and other such factors. The basic salary range for all categories of jobs in the Private sector is about forty thousand to seventy thousand dollars.
When it comes to the Executive or managers, they are paid about seventy thousand dollars. This amount varies from one organization to another. It depends on the rank and the term of service with the organization. The average annual salary for the executive positions is about ten thousand dollars. A Manager has to look after the development and growth of the company and this also has an impact on his salary. The average annual salaries for the managers are about thirteen thousand dollars.
Thus, it can clearly be seen that the trends are changing and people are looking forward to better salaries and the highest-paying paying jobs in India. With changing times, the market is also changing. More companies are moving their head offices from the major cities to the cities with lesser population. This trend is expected to increase in the coming years as the city with a lesser population has fewer companies and thus there is a big competition for the jobs and a good salary.