Design Engineer Jobs
As per a report published by the World Bank, the Indian economy is poised to grow at a compound annual growth rate (CAGR) of 7.3% and the growth is expected to grow further in the next few years. This growth is also argued to be lifted by a continuous influx of foreign direct investment as well as an increased private consumption. The same is also coupled with the implementation of goods and services tax (GST) initiative. Structural reforms like these are stated to work in favour of the country’s growth when implemented effectively. The country is expected to encounter steady growth in the years to come if such reforms along with various government initiatives take place.
Now that the effects of the GST have passed, the country is expected to grow further as such reforms can help India to increase productivity and also drive private consumption. This is especially true for Tier 2 and 3 cities. Such factors are also expected to increase employment opportunities in the country as well. Only until a few years ago, Indian firms were facing a sluggish job growth on account of various factors such as slow GDP growth, etc. Nevertheless, the financial year of 2018 has turned out well for the economy as the country has emerged from the effects of GST and demonetization. The result has been especially good for India Inc.
Abundant Vacancies for Design Engineers
As per the salary trends survey conducted by Randstad, 79% of the Indian organizations are on a hiring spree as they are on a continuous lookout for skilled and semi-skilled candidates. For instance, according to a recent survey done by the government, only the IT sector is expected to add close to 2 lac jobs by the end of 2019. Similar data has also been released by different sectors and industries as well. Therefore, it is clear that more employment opportunities will be created in the country year-on year.
There are many design engineer jobs that potential candidates can apply for in India. As per the Randstad survey, Pune paid the highest CTC on an average to a senior design engineer at INR 21.82 lac per annum while Chennai paid the highest average CTC to mid-level design engineer at INR 13.21 lac per annum, and Bengaluru paid the highest to a junior level design engineer with an average CTC of INR 5.37 lac per annum. To apply for various vacancies for design engineers, get in touch with Randstad today and find the job of your dreams.