Mumbai : India’s online retail boom is expected to grow the e-commerce space by 20-25% over the next two-three years, creating at least 1.5 lakh jobs.
The industry, which now estimated at about Rs 18,000 crore, is expected to reach Rs 50,000 crore by 2016. Market experts believe that with this the demand for talent is set to grow.
“We are extremely bullish on the e-commerce sector. There are nearly 200 start-ups flush with PE/VC funds in this area and several hundred that are treading the same line. We believe over the next two-three years, this sector will create at least 1,50,000 jobs,” said Joseph Devasia, MD of Antal International Network India.
“The industry is very bullish. The main players — Amazon, eBay, Flipkart and Myntra — are regular recruiters from BITS and have increased the number of hiring this year,” said Mani Sankar Das Gupta, chief, placement unit of BITS Pilani. As the sector is fairly new, there is a severe dearth of talent at all levels and to attract and retain key talent, top players are shelling out huge salaries, he said.
“In India, most e-commerce players increased salaries by 10-40% between 2013 and 2014 and are now paying salaries of Rs 10-23 lakh. At mid and senior levels too salaries are rising by 10-15% every year, besides the offer of stock options that makes employees millionaires,” he added.