Manpower shortage may worsen for several sectors
Several sectors - especially manufacturing, engineering, construction, real estate, healthcare and pharmaceutical - are finding it increasingly challenging to source labour
Source | economictimes.indiatimes.com | Rica Bhattacharyya | Lijee Philip
A blue-collar labour shortage could soon pose a challenge for various industry sectors that are already struggling with a shortfall amid an exponential rise in coronavirus cases and more restrictions in states, said economists and job market experts.
Several industry sectors – especially manufacturing, engineering, construction, real estate, healthcare and pharmaceutical – are finding it increasingly challenging to source labour, according to job market experts and company officials. The current shortage of labour across industries is 15-25% and the gap may widen in the next couple of months as the Covid-19 wave sweeps the nation, according to Teamlease NSE 1.53 % and industry estimates.