Pharmaceutical sector hiring set for double-digit growth
NEW DELHI: As some industries brace for slow hiring in the coming months, the Indian pharmaceutical sector’s recruitment numbers are poised to continue growing in double digits next year as health awareness improves and lifespans increase.
Drugmakers Novartis and Biocon and hospital chains Apollo Hospitals and Fortis Healthcare say the sector will see a surge in hiring across positions in areas such as diagnostics and administration, compounded by a growth in lifestyle and other non-communicable diseases.
Industry experts said with the increasing growth potential of the pharma sector, about 10% increase in jobs can be expected in the next year. According to placement company TeamLease Services, the planned goods and services tax regime will result in double-digit job creation in pharma, with a prevailing job growth rate of 14%.
“With the positive outlook of the sector, there will be an increase in frontline sales and middle-management positions in medical and marketing functions in the industry,” said Sanjay Srivastava, director of HR at Boehringer Ingelheim India.
- Health Care