Indian Economy News

A survey by reveals that telecommunication, e-commerce, and Banking, Financial Services, and Insurance (BFSI) are the most sought-after sectors by freshers

  • IBEF
  • November 14, 2023

According to a survey by, the most sought-after industries for recent graduates are Information Technology (IT), Banking, Financial Services and Insurance (BFSI), e-commerce, and telecommunications, as they offer a better work-life balance, significant professional growth potential, and a better environment. 

It also stated that fresh talent is flocking to the e-commerce sector, which witnessed an impressive 22% surge in applications. 

This report covered around 10,000 participants and noted a trend that 6 out of 10 enthusiastic job seekers hailing from Tier 2 and 3 cities like Surat, Jaipur, Gwalior, Bhopal, Indore, Lucknow, and Kanpur are setting their sights on the vibrant e-commerce and BFSI sectors. 

The significant prospects for career advancement in these fields attract six out of ten first-year students. Roughly 34% of respondents value the stability that well-established businesses provide, while 22% choose the reputation and brand recognition that come with working for market leaders. 

Additionally, eight out of ten respondents are looking for work in multinational corporations like Amazon, Flipkart, and Reliance Jio, citing brand recognition, stability, and the learning curve as the main deciding factors. 

Roughly 38% of young job seekers express a strong preference for businesses that prioritise work-life balance and a better atmosphere, emphasising their focus on overall well-being as well as professional growth. 

Mr. Nirmit Parikh, Chief Executive Officer (CEO) and founder of stated that the company witnessed tremendous growth, which is a testament to its aspirations and commitment to nurturing talents. 

The report further mentioned that in order to fully utilise the potential of these vibrant young professionals, the sector must adjust to the shifting dynamics of the labour market. It's critical to close the gap between young people's goals and the changing needs of the labour market.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.