India’s Manufacturing Push Fuels Job Market; PF, Health Insurance Top Employee Benefits: Report

According to the latest data from Indeed, a leading global hiring and matching platform, India’s manufacturing sector is booming. There are increasing job opportunities, and the sector is seeking new skills.

“The Indian manufacturing sector is on an upswing. As India strives to become a global manufacturing powerhouse, the sector presents a wealth of opportunities for both businesses and job seekers,” said Sashi Kumar, head of sales, Indeed.

Job Growth Soars

Indeed said between June 2022 and June 2024, the manufacturing industry in India grew by an impressive 40%.

According to a 2024 report by IBEF, the growth is fueled by several key factors: increased domestic consumption, government initiatives, a surge in global investments, and enhanced global demand for Indian-manufactured goods. The growth trajectory has not only strengthened the industrial landscape but has also catalysed a rise in job creation, offering promising prospects for job seekers nationwide, Indeed added.

Demand for Specialised Roles

Certain roles within the manufacturing sector are experiencing explosive growth. CNC operators, for instance, have seen a staggering 160% increase in job openings. Production supervisors are close behind with a 155% rise, and machine operators are at a 119% boost. These roles are rapidly gaining prominence, reflecting the sector’s modernisation and increasing need for specialised skills.

Shifting Skill Requirements

The skills landscape is evolving in tandem with the sector’s growth. Communication skills are now at the forefront, required in 17% of jobs. CNC skills follow at 10%, with manufacturing skills at 9%, English proficiency at 8%, and CNC programming at 6%. For job seekers equipped with these skills, the manufacturing sector presents a wealth of opportunities.

Enhancing Employee Benefits

Manufacturing companies are enhancing their offerings to attract top talent more effectively. They commonly provide provident fund benefits and health insurance, with additional perks such as meals, cell phone reimbursements, and leave encashment.

Employers are realising that offering comprehensive benefits not only improves job satisfaction but also increases productivity and loyalty among their workforce. They are taking proactive steps to cater to the evolving needs of their employees.