Small and midsize businesses emerge as top job creators in India, witnesses 60% growth: Report
- IBEF
- December 27, 2022
According to a report by Apna (a networking and jobs platform), jobs posted by small and midsize businesses (SMBs) witnessed a 60% growth, on a year-on-year basis.
The emerging small businesses are from tier 1 and 2 cities that posted more than 2.1 million jobs in 2022 alone. The tier 1 cities include Mumbai, Bengaluru, Delhi-NCR, Pune, Ahmedabad, Jaipur, etc, and the tier 2 cities include Bhopal, Indore, Bhubaneswar, Ranchi, and Kanpur, etc which covered 40% of the total jobs posted by SMEs throughout the year.
Mr Manas Singh, Chief Business Officer, Apna.co said, "the emergence of tier-II cities becoming epicentres for opportunities has also been phenomenal. We believe that the evolving ecosystem of the rising workforce led by SMEs, and Medium Small Micro Enterprises (MSMEs) will become an integral contributor to the growth of the Indian economy."
The report mentioned that post-COVID-19, professionals are still preferring work-from-home opportunities for better flexibility and work-life balance and organizations are embracing the new normalcy.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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