Clouds over Indian Sunrise Industries

Prior to current recession two sectors were said to be sunrise industries in India, namely Retail and Insurance. All the big names like Reliance, Birla, Bharti, Biyanis, RPG were making every effort possible under the sun to have a substantial pie of the Retail Market of India.

Everyone of these big business conglomerate were having ambitious expansion plans and recruitments were on full pace. But all of sudden every thing is on put on back burner. Marketers are trying to consolidate the business first and they are having a re-look on their strategy. Most of them adopted wait and watch policy.

People were cherishing high salaries and plenty of work opportunities, people were being recruited in hundreds, and mind it these positions were not limited to metros, people were recruited for B and C class towns too.

But then came the recession and came the jolt. All expansion plans got stopped or delayed for indefinite time; people hired were either retrenched or were asked to go far off places to save their jobs. All of sudden party was over. Salaried got shrunk to half in many cases.

But India Proved again that being conservative makes you win many a times too, and the conservative economy of India has sustained this global slowdown with lesser pain. Things are moving up again and faster in India as compared to other countries.

People are getting hopeful again to have better job and business prospects. Many other allied industries like training, placement, job consultancy have started getting positive feedbacks from their clients. Hiring in sales function has started for freshers too, earlier hiring were done to fill existing posts getting vacant by people movements.

I hope, the Retail Boom will again start making its presence felt. Indian consumers will make India overcome this mild jolt of recession during the forthcoming festive period. I wish all the consumer products companies to announce heft sales during the October, November and December 2009.

Year 2010 should bring all round prosperity to India and every INDIAN. I have this simple logic this time.