All Posts in India

|In: Accelerator|Last Updated: | 0 Comments

Techstars announced the launch of Techstars India as a joint venture company in partnership with ANSR. Headquartered in Bengaluru, ANSR builds and operates GICs and captive centres for some of the leading global companies from the retail, fintech, healthcare and media domains.

Image Source – Techstars

The ANSR partnership will provide Techstars with a very strong foundation to launch its Indian operations. Having partnered with 27 leading global enterprises, ANSR is the world’s largest company for establishing and operating captive center service delivery capabilities for global enterprises in support of their growth, transformation and innovation agenda. ANSR, through its innovation arm, Kyron, also operates startup led innovation programs for its corporate partners including Target, L-Brands, Lowes and Swiss Re.

With this launch, Techstars is adding India to its international roster, bolstering India’s position as a leading global startup ecosystem. India, known for its dominant role in the IT industry and home to captive centers for over 1,000 global enterprises, is rapidly gaining traction as an entrepreneurial hub. Techstars operates worldwide and across the US, including Adelaide, Austin, Berlin, Boston, Boulder, Cape Town, Chicago, Detroit, Minneapolis, New York City, London, Los Angeles, Paris, Seattle, Tel Aviv, and Toronto, and has accepted over 1000 companies globally into its programs. Collectively, these companies have raised over USD 3.8B USD and have a market cap of over USD 9.9B. The launch of Techstars India will provide Techstars access to India’s rapidly growing startup and entrepreneur network as well as global enterprises that have established captive centers and startup led corporate innovation programs with ANSR and its innovation arm, Kyron Global.

[L-R] David Cohen Co-CEO – Techstars, Lalit Ahuja, CEO – ANSR, David Brown, Co-CEO – Techstars

David Brown, Co-CEO of Techstars, said

We have been watching India’s growth very closely and its emergence as the third largest global startup ecosystem in less than a decade. There’s so much great activity here and the potential for growth is huge, as one of the fastest growing economies in the world. I think in addition to that, India’s prime minister underlining the importance of entrepreneurship and innovation in giving productive outlets to the country’s talent is very positive. It’s heartening to see tech evangelists work closely with the government to lay out a digital infrastructure for the country which startups then can leverage. India is on a tech, digital and startup mission of sorts.

This has been a big year for Techstars. We’re 10 years old and have now seen over 1,000 companies in Techstars’ mentorship-driven accelerator programs worldwide. We are excited to announce the addition of Techstars India to the Techstars Worldwide Network.

Lalit Ahuja, CEO, ANSR said

ANSR is very excited to partner with Techstars to launch Techstars India. We believe that this is an event of national importance and a huge validation of India’s position as a leading global hub for entrepreneurial activity. The launch of Techstars India will provide an impetus to the rapidly growing startup ecosystem and the emergence of India as a dominant entrepreneurial network. This launch brings to fruition ANSR and Kyron’s pioneering efforts to successfully create a startup corporate engagement corridor towards the emergence of India’s largest startup led corporate innovation platform.

Speaking at the event, Priyank Kharge, Minister of IT, BT & Tourism said

The Government of Karnataka is focused on building a bolder and structured ecosystem and the collaboration with Techstars is exactly what the Government requires and is the right step forward. Karnataka is India’s second largest technology hub and this is validated by the fact that we have all the Fortune 500 companies. Propelled by government policies in the last 3 months, more than 3200 startups have registered with the government. We are also coming up with numerous Centres of Excellence and by the end of August we will have India’s first Centre of Excellence for Artificial Intelligence. Karnataka today has reached its maturity as a services industry and now moving forward to R&D and innovation.

About Techstars

Techstars helps entrepreneurs succeed. Through the Techstars Worldwide Entrepreneur Network, founders and their teams connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporate partners who will help their companies grow. Techstars operates four divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs, Techstars Corporate Innovation Partnerships, and the Techstars Venture Capital Fund. Techstars Mentorship-Driven Accelerator Program supercharges success and Techstars Startup Programs inspire, educate and connect entrepreneurs. For more information, please visit Techstars

About ANSR

Backed by Accel Partners and Infosys and headquartered in Dallas, TX, ANSR is a global leader in establishing, operating and optimizing Global In-House Centers ‘GICs’ and provides end-to-end solutions to enterprises across the GIC life-cycle. Through Kyron, its innovation arm, ANSR also operates Innovation/Corporate Accelerator Programs. For more information, please visit ANSR

|In: Digital|Last Updated: | 0 Comments

ICRIER, one of India’s leading think tanks, along with Broadband India Forum have released findings of its study on ‘Estimating the Value of New Generation Internet based Application Services in India’.

Image Source – India Apps

As per the study, a 17% increase in the total internet traffic in India in 2015~16, contributed to an increase of Rs. 7 lakh crore in Gross Domestic Product [GDP], of which at least INR 1.4 lakh crores [US$ 20.4 billion] was due to Internet based app services.

This puts the Internet’s contribution to India’s GDP at about 5.6% in 2015~16. The contribution is estimated to grow to nearly 16% of the country’s GDP by 2020 or INR 36 lakh crores [USD 534 billion], of which apps will contribute about half.

The study was unveiled by Hon’ble Minister of Communications, Govt. of India, Shri Manoj Sinha in the presence of senior Government dignitaries from MeiTY, TRAI, Niti Aayog and champions of the broadband industry.

[L-R] Shri T.K. Arun, Senior Journalist; Shri T.V. Ramachandran, President, BIF; Smt. Aruna Sundararajan, Secretary DOT GOI; Shri Manoj Sinha, MOS (IC), Ministry of Communications and IT, GOI; Shri M.F. Farooqui, Chairman, BIF; Shri Anil Kaushal, Member, TRAI; Dr. Rajat Kathuria, Director and CE, ICRIER at the launch of a report by Broadband India Forum and ICRIER on ‘Estimating the Value of New Generation Internet based Application Services in India’

Dr. Rajat Kathuria, Director and Chief Executive, ICRIER said

With internet penetration and the start-up ecosystem achieving critical mass, we felt the time was right to study the micro level impact of the internet services and apps on the country and define interventions needed for long term growth. Interestingly, we found that the ecosystem’s contribution went beyond just economic into social areas such as mainstreaming the differently abled and enabling women safety among others.

The study, beyond econometric estimations, also captures in-depth case studies of 16 service/app companies capturing impact generation at a micro level in key sectors of travel, healthcare, education, entertainment, utilities, digital payments, social, navigation and Government services. Companies covered include Makemytrip, Practo, PayTM, Urbanclap, Netflix, Wynk, Byju’s, Truecaller, farMart and MP Mobile.

The case studies bring alive different aspects of impact created, such as potential for increased income and job creation, easy access to credible information and Government services, lowering costs for buyers & sellers, creating a platform for smaller businesses and individuals to market their products and services, popularizing the use of vernacular language and enabling women safety among others.

TV Ramachandran, President, Broadband India Forum said

Internet apps and services are disrupting traditional industries. Regulation, globally, is evolving to strike the right balance between protecting consumer/business interests and encouraging the ecosystem to innovate further. India needs to chart its own course from a policy/regulation perspective considering the significant higher impact on its economy. It needs to resist the temptation to follow global precedence or come up with defining laws without active stakeholder discussion.

The study also makes 10 recommendations on the demand and supply side to ensure long-term growth of the internet services and apps economy and its sustained contribution to India’s GDP.

About ICRIER

ICRIER is an autonomous, policy-oriented, not-for-profit, economic policy think tank. ICRIER’s main focus is to enhance the knowledge content of policy making by undertaking analytical research that is targeted at informing India’s policy makers and also at improving the interface with the global economy. It has been ranked amongst the top 3 Indian Think Tanks World Wide by the 2016 Global Think Tank Index Report, University of Pennsylvania. For more information, please visit ICRIER

|In: India|Last Updated: | 0 Comments

With around 391 million users, India has already become the second highest country in terms of mobile internet users. This is expected to grow rapidly to around 650 million mobile internet users by 2020. At the same time, data consumption by 2020 could potentially increase 10-14 times. The Boston Consulting Group [BCG], along with TiE, have released a report titled The $250 Billion Digital Volcano: Dormant No More that describes this phenomenal digital adoption in the country.

The impending digital salience can be seen from the following indicators:

  • High speed mobile internet adoption is set to reach ~550 Mn users by 2020, almost 85% of the total mobile internet users
  • Average data consumption is projected to reach ~7-10 GB per user per month by 2020
  • India’s internet economy is expected to double from USD 125 Bn to USD 250 Bn, growing from

the current ~5% to ~7.5% of the country’s GDP

The report reveals that while so far mobile internet users have proliferated and Smartphone users have gone up by 4 times, high speed internet users have still been limited only to ~56%. Thus, average data consumption per user continues to be low, standing at less than 1 GB data per month vis-a-vis developing economies like Indonesia and Brazil at 2–3 GB/month and developed economies like Japan and US at 9–11 GB/month. However, the situation is about to change.

Nimisha Jain, a BCG partner and report co-author said

It is essential to understand the three forces that are now synergizing to unlock internet consumption in India. Firstly, by 2020, 4G enabled devices are expected to grow 6 times to 550 Mn devices, constituting 70% devices in use. Secondly, reliable high speed data is becoming both ubiquitous as well as mass affordable (data rates have reduced to less than one-third in just 4–5 months). Lastly, digital content is proliferating as well as improving in quality, thus driving consumption.

Increased high speed internet adoption, the report says, is expected to increase time spent online by 2020 to almost 3-4 times. Moreover, the amount of video consumed online is on the rise especially driven by online media and entertainment. As internet access ceases to be a constraint, consumers will become more quality conscious, resulting in an increase in the average video resolution. Driven by these changes in online consumption, average data consumption per user is set to increase by 10-14 times by 2020.

Geetika Dayal, Executive Director, TiE Delhi-NCR added

The report comes at a time, when the conversation has moved from ‘Internet of Things’ to ‘Internet of Everything’, and digitization presents a great opportunity for multiple stakeholders.  Innovation is what leads to sustainability, and sustainable growth in the current entrepreneurship ecosystem will enable India to chart its own success story.

India’s internet economy is expected to double to become USD 250 billion by 2020. E-commerce and financial services are projected to lead this growth. For instance, share of digital payment transactions could more than double to go up to 30–40% by 2020. Digital economy will have a much broader influence beyond the direct economic impact. Digital adoption will deliver several citizen-centric social benefits like enhancing ease of doing business, improving access to services and products and transforming governance.

As the new digital paradigm emerges, adapting to change will become critical. For instance the impact on jobs is expected to be transformational. Increased automation will minimize manual and repetitive roles while roles in upcoming spaces become coveted, e.g. Human-machine interaction. Existing roles will also undergo transformation as low-value adding tasks get automated. New ways of working are expected to emerge with an increasingly flexible workforce optimizing for efficiency. At the same time, genesis of new technology-led business models will give impetus to entrepreneurial activity and create new opportunities.

About India Internet Day

India Internet Day is a leadership conference that looks at setting conversations around a long term vision for the industry. The idea of India Internet Day is to look at paradigm shifts in the internet industry globally and what that means for the internet business in India. While based in India, the event seeks to have a strong global connect. The forum also explores the shape of things to come while connecting with the established players, outliers and experimenters – making the forum as a point of reference. In this our fifth year, #iDay2017 goes beyond the predefined boundaries and explore issues of far more relevance and impact. For more information, please visit India Internet Day

|In: Digital|Last Updated: | 0 Comments

Atos, an international leader in digital services, and NASSCOM Foundation jointly announced the launch of National Digital Literacy Mission [NDLM] centers dedicated to training and imparting digital literacy at Vadodara, Gujarat. The NDLM centers will conduct skill development programs in the area of Information Technology for the aspiring persons interested to undertake IT literacy programs.

Atos in collaboration with NASSCOM Foundation, will endeavor to leverage the IT training as envisaged under the NDLM Scheme with the objectives of appreciation of Digital Literacy- that aims to make a person IT literate, so that (s)he can operate digital devices, like mobile phones, tablets among other electronic devices and send & receive emails and search the internet for information among other things.

Atos in India will facilitate the training infrastructure and the trainers at these NDLM centers with the help of NASSCOM nominated NGO’s at its respective location centers. These centers together will provide training on all digital devices, specifically, computers and mobile phones.

Once trained, the beneficiaries will be able to send emails, connect on social media, buy from e-Commerce websites, and will even know how to use internet to avail various government services such as registering for AADHAR Cards, Ration Cards, PAN Cards, and other such internet enabled services.

On the occasion, Surendrasinh Gohil, SVP & Head Global Delivery Centers for Infrastructure & Data Management Division said

As a leading international digital services company, we are pleased to announce our association with NASSCOM Foundation in accomplishing the larger goal of Digital Saksharta Abhiyan [DISHA] or also known as NDLM Scheme. The mission is both aspiring and ambitious in its scale to train the non-IT literate citizens to become IT literate. A sound foundation starts with a modest beginning; this is quite an enabling initiative across India. We are confident that this initiative will help a part of the society, that otherwise wouldn’t have been able to access the opportunities offered by the Digital economy in India. We are happy to partner with NASSCOM Foundation and Deepak Foundation in this initiative and look forward to make this community service a success for Vadodara citizens.

Shrikant Sinha, CEO, NASSCOM Foundation said

We believe that digital literacy is one of the most potent tool for the empowerment of the underserved communities in today’s digital and cashless economy. Working in partnership with Atos, NASSCOM Foundation is proud to announce the launch of four new centres across India, taking the total Atos Centre count to eight. Being digitally literate would help the citizens access services as Vadodara leaps forward in its journey towards becoming a smart city.

The National Digital Literacy Mission is a far-sighted, dynamic and integrated platform of digital literacy awareness, education and capacity creation programme that will help rural and the under-served communities to fully participate in the global digital economy. NASSCOM Foundation is the industry partner to the Government of India to accomplish the first phase goal for NDLM or ‘DISHA’ by making 52.5 lakh individuals in India digitally literate in the next four years.

|In: Digital|Last Updated: | 0 Comments

Following the digital India dream of Government of India, BSNL has offered free E-Mail Address service in 8 Indian Languages to its broadband users by launching a DataMail service. Now BSNL broadband users will be able to open an email ID in DataMail service in their own language.

Anupam Shrivastav, Managing Director, BSNL said

Providing the linguistic email address is one of its kind initiative in the world to achieve our Prime Ministers Vision of Digital India. It’s now possible in every part of India to have an email address in their own language and communicate in preferred language.

Few months back, Government of India had launched Dot Bharat domain in Indian languages to increase the reach of internet users by providing domain names in their own language so as to cover over 70% of the country’s population living in the rural and remote areas. BSNL is also known for its network in the rural and remote India especially in 2G and 3G data. Launching free linguistic Email address service for its millions of customers is another strong step on fulfilling the dream of digital India taken by the Govt. of India Enterprise, BSNL.

Dr. Ajay Data, Founder & CEO of Data XGen said

Our fully ‘Made in India’ software product enabling DataMail service is a revolution in the world as many countries are waiting to inject the linguistic email address to empower the non-English speakers of the world. We are happy to contribute to the Prime Minister Shri Narendra Modi’s Digital India dream by partnering with BSNL, country’s strongest network telecom company having rural and remote connect.

As per Indian Telecom Services Performance Indicators Report (April-June, 2016) released by TRAI, total internet subscribers in India is about 350.48 million which is just about 30 percent of the country’s population. So, about 70 percent of population is not having access to the internet and most of these belong to rural India.

On the other side, Indian languages account for less than 0.1 per cent content on world wide web. Also, over 89 per cent population is non-English speaking and unable to read and communicate via email as the language utilized to communicate is English.

The most spoken languages in India in 2016, according to our analysis based on secondary data, are approximately Hindi [544.39 million], Bengali [107.60 million], Telugu [95.40 million], Marathi [92.74 million], Tamil [78.41 million], Urdu [66.47 million], Gujarati [59.44 million], Kannada [48.96 million], Punjabi [37.55 million], Assamese [16.98 million]. The total of population using these key languages comes about 1147.95 million that is a larger share of current population in India.

Steps to use this Service

  1. BSNL broadband customers can use DataMail app which is free to be downloaded from any Android or iOS system through their respective play store.
  2. User will have to select the language in which they want his/her email address.
  3. Insert the mobile number
  4. Select the checkbox ‘I am a BSNL broadband Customer’
  5. Insert BSNL broadband number with STD code
  6. You will receive an OTP on your registered mobile number
  7. Type the desired Email address in your own language
  8. Start using and share with your friends!

What is DataMail

DataMail is Made in India – World’s first email service supporting Internationalized email  supporting email IDs in Hindi, Gujarati, Urdu, Punjabi, Telegu, Bengali, Marathi.

The services are FREE for everyone through the simple Mobile app download on iOS and Android phone and anyone can go on their play store and download DATAMAIL and gets their first email address in their preferred language.

About Data XGen Technologies

Data XGen Technologies is one of the largest Complete Enterprise Solution company catering to the needs of unified communication. Having 13 years of experience, the organisation was initiated as an Email Management solution company which provides Email platforms for its users. The vision of Data XGen Technologies is to continue to innovate and be a global leader in the email market-place by being a premium next-generation email platform and to serve the entire spectrum of organizations – from small businesses, to enterprise, to multi-million user data centers – on the same scalable, secure and affordable platform. For more information, please visit Data XGen

 

|In: India|Last Updated: | 0 Comments

Google India released the 2016 recap of trending stories-biggest moments, major events and users interests based on trillions of searches made by Indians on Google this year.

Extending unprecedented support to the Indian contingent this year, the sprawling nation of 1.3 billion moved beyond Cricket, as Rio Olympics 2016 emerged as the top trending search query on Google in 2016. Following up close was a game that took the world by storm, Pokemon Go.

The US presidential elections have always been closely watched in India but this year the interest was further heightened, US President Donald Trump emerged on top of the list of trending personalities. Following him were the world-class performances by Indian female athletes at the world’s biggest sporting event. Indian badminton star and Olympic medallist, P.V.Sindhu took the second spot in the overall trending personality searches. The latest social media obsession Sonam Gupta, made a surprise entry at third position while Indian gymnast Dipa Karmakar taking the fourth spot followed by Bollywood actress Disha Patani who recently made her Bollywood debut in a biopic on Indian cricketing star M S Dhoni. Indian female wrestler and Olympic champion Sakshi Malik also featured among the Top 10 trending personalities on Google.

A quick look at  the year’s top news moments that captured India’s attention reveals that even though Olympics topped the charts, the historic win for Donald Trump in US elections and Britain’s withdrawal from the European Union (Brexit) reflected on India’s rising involvement and interest around global issues. The 7th Pay commission, Demonetization, and the strategic surgical strike on terror groups caught everyone’s attention and generated a great deal of search curiosity among Indian users.

Among the Bollywood leads, power packed performance by Sushant Singh Rajput and Disha Patani not just won them accolades but the duo also emerged on the top trending charts of male and female Bollywood stars. When it comes to movies and entertainment, Bollywood Superstar Salman Khan with his blockbuster film ‘Sultan’ captured the peak position among top trending movies followed closely by Thalaiva Rajinikanth’s blockbuster film ‘Kabali’.  Shahid Kapoor starrer Udta Punjab, Akshay Kumar’s Airlift and Ranbir and Anushka Sharma starrer ‘Ae Dil Hai Mushkil’ also made it to the Top 5.

To see more information about Year in Search across the globe, use interactive data visualisations, please visit google.com/2016

|In: Incubators|Last Updated: | 0 Comments

Reinforcing their commitment to fostering innovation and entrepreneurship as a step towards making Digital India successful, Department of Science & Technology (DST), Government of India, Intel Technology India Pvt. Ltd and Society for Innovation & Entrepreneurship (SINE), IIT Bombay have collaborated to launch the Collaborative Incubation Program for Hardware and Systems Startups Program.

This is a unique program wherein the industry, academia and Government have come together to support hardware and systems-based start-ups in the country through mentoring, training, lab facilities, hardware kits, prototyping, business services,  funding, etc.

The announcement was made in the presence of Prof. Ashutosh Sharma, Secretary, Department of Science and Technology, Government of India, Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion, Government of India, Nivruti Rai, General Manager, Intel India,Vice President, Platform Engineering Group, Intel, Prof. Devang Khakhar, Director of IIT, Bombay.

Collaborative Incubation Program for Hardware and Systems Startups

  • The Program will address gaps in the hardware and systems start-up ecosystem that companies face in product design, development, commercialisation, and creating scale for their solutions.
  • DST, Intel India and SINE aim to support up to 20 start-ups under this Program, and the call for applications for the first batch will be announced in early August 2016.
  • During the year-long Program, start-ups will be supported for six months on-site at SINE, IIT, Bombay or Intel India, Bengaluru. After a period of six months, the start-ups’solutions will be showcased to investors and industry players at a demo day, post which, the Program will extend virtual support for another six months.
  • Participating start-ups will be incubated through intensive training periods, one-on-one mentoring, technology related support from Intel experts, business service support from SINE, as well as prototyping and manufacturing support.
  • Intel India will build capacities through mentors, and provide technology related support for productization, and facilitate ideation, design thinking, prototyping workshops and manufacturing support through industry experts.

Intel India’s Innovation and Entrepreneurship initiatives

  • Intel India has been at the forefront of enabling innovations and entrepreneurship among students, professionals, researchers and entrepreneurs.
  • Towards this, the company has been driving multiple interventions, including its flagship program – Intel-DST Innovative for Digital India Challenge – which has helped enable six entrepreneurs to change their ideas into actual market solutions, the Intel India Maker Lab, the Atal Tinkering Laboratories, Academia engagements with 200+ engineering institutes and incubator centers, the set-up of 100 Internet of Things (IoT) centers across universities that promote IoT capacity building, design thinking, prototyping and fabrication, among other projects.

Nivruti Rai, General Manager, Intel India, Vice President, Platform Engineering Group, Intel said

Intel has a strong focus on accelerating innovation and entrepreneurship in India, and we are committed to help enable startups in the systems area, both hardware and software. Along with DST and SINE, IIT Bombay, Intel India will provide the critical support these starts ups need to be able to excel in creating market ready products and solutions.

H K Mittal, Advisor and Head, NSTEDB, DST, Government of India said

Department of Science and Technology (DST) is deeply committed to supporting technology and entrepreneurship initiatives that are of relevance to national needs. We have had very positive experiences in the past working with both Intel and SINE in the areas of innovation and entrepreneurship. For the first time, DST, Intel and SINE are collaborating to incubate hardware and systems startups in India. I am very excited to be part of this collaborative effort that helps startups to accelerate their product journey and scale their business.

Prof. Devang Khakhar, Director of IIT, Bombay said

SINE is one of the pioneers in incubating product & IP-based startups in India, and the new, collaborative, sector-specific program is further evolution of its activities.  The collaboration with Intel will bring in corporate expertise to give new hardware & systems companies in India a vital competitive edge and fast-track to growth. SINE has so far focused on start-ups from IITB. This new initiative, supported by DST, will extend SINE’s role to help start-ups across India and increase IIT Bombay’s contributions to the ecosystem.

Society for Innovation & Entrepreneurship (SINE), IIT Bombay

Society for Innovation & Entrepreneurship (SINE) is the business incubator at IIT Bombay, and supports technology start-ups that are based on products or intellectual property. It has been supporting start-ups since 2004 and has so far supported more than 80 starts-ups. Majority of SINE supported star-ups have become revenue generating, with several having reached Rs. 50-100 crore in revenue, and many start-ups having raised multiple rounds of funding.

|In: India|Last Updated: | 0 Comments

At a year on year growth rate of 27 percent in May 2016 the online recruitment activities saw a decline of 25 percentage points from a robust 52 percent in January 2016 according to the latest Monster Employment Index. A marginal drop from the year on year growth of 28 percent in April 2016.

A noteworthy observation in the month of May was seen in the much publicized industry, e-commerce. Monster Employment Index [MEI] for May 2016 shows that the sector which is currently under economic scrutiny, witnessed a 35 percent year-on-year growth; one percentage point higher than in April 2016. Clearly, the sector is moving in a positive direction with steady increase in hiring activity over the months.

The online demand for Engineering professionals surged this month as well. The year-on-year growth rate paced up from 39 percent in April 2016 to 47 percent in May 2016. Charting the highest growth figures, Printing and Packaging industry is leading the rung with 67 percent growth from year-ago. The sector has been witnessing a steep double-digit annual growth rates since February 2016.

Commenting on the latest trends and developments in various sectors, Sanjay Modi, MD, Monster.com said

The MEI reveals that the online hiring sentiments is onto a slow paced growth. This hiring downturn can be attributed to domino effect caused by a global slowdown. However, the growth of the manufacturing sector in India at 7.1 percent from last year’s 5.3 percent year has had a significant bearing on the year on year spike in the online recruitment in the production and manufacturing sector. With a positive outlook for the sector that is expected to see the number of online shoppers in India grow to 175 million and Gross Merchandise value to reach $60 million by 2020, the e-commerce sector also registered a double digit year-on-year growth of 35 percent.

Monster Employment Index India results for the past 18 months are as follows

Industry Year-over-year Trends

Of the 27 industry sectors monitored by the Index 24 industry sector registered increased e-recruitment activity.

  • Printing/ Packaging sector has moved up the ladder to lead all monitored industry sectors on a year-on-year basis. This month (May 2016) the sector has registered a 67 percent growth from the year-ago; the sector has been charting steep double-digit annual growth rates since February 2016. The six-month growth rate reveals, e-recruitment activity in the sector has increased by 34 percent between November 2015 and May 2016. Month-on-month, there has been an 11 percent growth in opportunities as well.
  • Education (up 65 percent) sector is next in the rung. Online recruitment activity in the sector has been exhibiting uninterrupted positive growth on an annual basis since July 2015. It is notable that this is the only sector to have recorded positive month-on-month growth rate consistently since September 2015. Online hiring in the sector logged a seven percent growth on the month in May 2016.
  • Online recruitment activity in IT – Hardware, Software (up 62 percent) continued to exhibit diminishing yet robust growth. For the second month in a row the sector witnessed no growth in short-term (month-on-month). Likewise, pace of growth (year-on-year) in the BPO/ITES moderated further from 20 percent in April 2016 to 18 percent in May 2016.
  • Having slowed in the past months, the year-on-year growth momentum in Production and Manufacturing (up 35 percent) as well as Automotive/ Ancillaries /Tyres (up 36 percent) sector paced up in May 2016; up from 15 percent and 17 percent in April 2016 respectively. The month-on-month growth registered was also the steepest among all sectors; Automotive/ Ancillaries /Tyres (up 16 percent) and Production and Manufacturing (up 14 percent). The related Logistics, Courier/ Freight/ Transportation sector continued to growth at a steady rate of 15 percent year-on-year.
  • Engineering, Cement, Construction, Iron/Steel registered a 42 percent growth from the year-ago; up from 24 percent in April 2016. In the related Real Estate sector, on the other hand, the year-on-year growth momentum eased further from four percent in April 2016 to one percent in May 2016.
  • Healthcare, Bio Technology & Life Sciences, Pharmaceuticals exceeded the corresponding period a year-ago by 40 percent maintaining a steady pace. Month-on-month, there has been no growth in online hiring.
  • Among all monitored sectors, online recruitment activity eased the most in Office Equipment/Automation (down 11 percent) sector on an annual basis.

MEIN_3

E-Commerce

E-commerce sector registered a 35 percent growth from the year ago; one percentage point higher than in April 2016. Month-on-month, the sector has seen an increased demand of four percent. This month the six-month growth rate has also improved from six percent in April 2016 to 11 percent in May 2016. The growth pattern has exhibited no significant fluctuations in the past months.

Occupation Year-over-year Trends

Online demand increased for 12 occupation groups out of the 13 monitored by the Index.

  • The year-on-year growth rate moderated further for professionals at the Senior Management level; down from 79 percent in April 2016 to 69 percent in May 2016. Yet the figures portray a positive outlook owing to a significant jump since April 2015.
  • Online demand for Engineering/Production surged this month. At four percent, the group registered the steepest month-on-month growth among all monitored job roles. The year-on-year growth rate paced up from 39 percent in April 2016 to 47 percent in May 2016.
  • Year-on-year, Marketing & Communications (up 47 percent); Software, Hardware, Telecom (up 42 percent); Health Care (up 42 percent); Sales & Business Development (up 34 percent) are among the top in-demand job roles. The long-term growth rate moderated the most for Purchase/Logistics/Supply Chain (up 10 percent); down 27 percentage points.
  • Online demand for Hospitality & Travel (up two percent) continues to decline progressively; the year-on-year growth momentum eased further by two points. The group also witnessed online opportunities slip below the three-month and six-month level by six percent and one percent respectively.
  • Online demand for Arts/Creative matched the year-ago level. Year-on-year growth rate for the group has been declining progressively starting November 2015 and has a exhibited the most restrictive online demand this month.

Geographic year-over-year Trends

E-recruitment activity increased in all 13 cities monitored by the Index.

  • Chandigarh (up 47 percent) led all monitored cities charting the steepest growth year-on-year even this month. The rate of growth, nevertheless, moderated from 53 percent in April 2016 to 47 percent in May 2016. There were fewer opportunities on the month; down by two percent.
  • Among tier I cities, Chennai (up 40 percent) followed by Bangalore (up 39 percent) and Hyderabad (up 37 percent) registered the steepest growth from the year-ago and also ranked among the top growth cities. The growth momentum slowed in Bangalore from 47 percent in April 2016. Delhi-NCR (up 21 percent) also witnessed a slowdown in the annual growth rate by two points between April and May 2016.
  • The annual growth momentum improved in Kochi; from four percent in April 2016 to 12 percent in May 2016. Nevertheless, Kochi continues to exhibit the most controlled annual growth percentage among all monitored cities.  Both three-month and six-month growth rate are still negative for the city; down three percent each.

About the Monster Employment Index

Launched in May 2010 with data collected since October 2009, the Monster Employment Index is a broad and comprehensive monthly analysis of online job posting activity in India conducted by Monster India. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, including Monster India, the MEI presents a snapshot of employer online recruitment activity nationwide.

MEI’s underlying data is validated for accuracy by Research America, Inc.-an independent, third-party auditing firm – to ensure that measured national online job recruitment activity is within a margin of error of +/- 1.05%. For more information, please visit Monster Employment Index