MarketCentral, your companion for limitless online business success!
SMBs are top job creators in India
view-point-marketcentral

Even as layoffs and downsizing continues to hit the news, a new report has shown that Small and Medium Businesses (SMBs) in India have clocked a 60% year-on-year surge in hiring. The report, from professional networking platform Apna, shows that small business hiring has risen in tier 1 and tier 2 cities like Delhi-NCR, Mumbai, Bengaluru, Pune, Ahmedabad and Jaipur.

As tier-2 cities become epicenters for job opportunities, the landscape of job-seeking in India itself will see a new change. With 40% of total jobs coming from Bhopal, Indore, Bhubaneshwar, Ranchi and Kanpur, SMBs are becoming an integral contributor to the growing Indian economy. In the festive season alone, 2 lakh jobs were created by SMBs.

Festive season also saw a surge in job creation, led by SMBs. On average, 4000 jobs were posted a day. 

Jobs increased in sectors such as telecalling, BPO, telesales, front desk as well as in hospitality, beauty and wellness, delivery, and logistics. The beauty and wellness industry has seen a surge of 65% growth in employers while logistics and delivery industry recorded a 21% increase in number of job applications. E-commerce, food and hospitality, and related sectors created a large number of jobs and hired maximum professionals in the festive season.

Online business is playing a key role, and SMBs are matching up to go digital. 

As customers move online, so have a number of SMBs. To keep pace with growing business and expanding markets, SMBs are adopting digital tools in their daily activities with clients. More than 80% SMBs are using business email across the world. India leads the usage of Whatsapp at 72%, and online marketplaces (44%). In India 80% of all payments are also being accepted digitally, with 83% SMBs agreeing that digital presence is the key to survival in a new market affected by Covid-19, economic inflation, and layoffs. 

SMBs have to turn towards ways to grow sustainably

Future-proofing business is the way to keep the momentum going on growth. SMBs understand this, turning towards digital modes of logistics and payment, offering workplace flexibility, and including work-from-home opportunities to their job listings. With large sections of India’s populace upskilling digitally, the SMBs offering good work-life balance is attracting several job-seekers. 

In 2022 alone, SMBs created 2.1 million jobs. What’s in store for 2023? We’re excited to find out. Happy New Year! 

  1. How to Keep Your Business Safe From Future Shocks: https://www.marketcentral.in/market/viewpoint/45/make-your-business-safe-from-future-shocks 

  2. The importance of sustainable growth for businesses: https://www.marketcentral.in/market/viewpoint/36/importance-of-sustainable-growth-for-business

  3. At MarketCentral, we equip small and medium businesses with simple resources and tools that can help them be in control of their own business. With a no-commission model, MarketCentral can be the perfect business companion for your digital journey.

    MarketCentral will bring you interesting business stories and Small Business news every week through ViewPoint. Let us know what you think about this article at support@marketcentral.in. For more, you can follow our social media handles below:

    Instagram: marketcentral

    Facebook: marketcentral

    LinkedIN: marketcentral

Popular Articles
view-point-marketcentral

Indias-first-online-credit-card-for-MSMEs

view-point-marketcentral

7-Innovative-Ways-to-Fund-Small-Business-Growth

view-point-marketcentral

5-Ideas-to-Grow-Your-Business-Using-Technology

view-point-marketcentral

8-essential-to-promote-online-business

view-point-marketcentral

Budget-2023-MSME-loans

view-point-marketcentral

What-is-immersive-customer-experience

view-point-marketcentral

Online-advertising-for-MSMEs

view-point-marketcentral

Key-trends-msme-coming-year

view-point-marketcentral

SMBs are top job creators in India

view-point-marketcentral

Here's How UPI Can Help Your Business Grow

view-point-marketcentral

5 Small Indian Businesses That Grew Big

view-point-marketcentral

5 Ways to Make Your Business Safe from Future Shocks

view-point-marketcentral

Diwali business: Tips for small and medium businesses during the Indian festive season!

view-point-marketcentral

Get Online, Grow Big: Digital-First Small Businesses Are Prepared for The Future

view-point-marketcentral

The New GST Scheme: How Will It Impact Your Online Business?

view-point-marketcentral

In the News: MSME Credit Card, post-Covid revival, and new schemes for small businesses

view-point-marketcentral

How MSMEs Can Grow And Achieve Greater Independence

view-point-marketcentral

Transport and Logistics Challenges Faced By MSMEs

view-point-marketcentral

The Importance of Digitizing Supply Chains for MSMEs

view-point-marketcentral

How MSMEs Can Grow Sustainably With Three 'R's

view-point-marketcentral

The Importance of Sustainable Growth for Businesses

view-point-marketcentral

4 Customer Retention Strategies for MSMEs

view-point-marketcentral

Customer Retention

view-point-marketcentral

MSME Day 2022

view-point-marketcentral

What is Your Target Market? - Part Two

view-point-marketcentral

What is Your Target Market? - Part One

view-point-marketcentral

9 Ways to Make Your Business Data Safe and Secure Onlines

view-point-marketcentral

Why Automating Your Business Operations Can Make Your Business Smarter and More Efficient

view-point-marketcentral

8 Effective Ways to Drive Traffic to Your Website

view-point-marketcentral

5 Ways to Keep Your Online Business Growing

view-point-marketcentral

What is SEO or Search Engine Optimization, and How Can It Help Your Business?

view-point-marketcentral

6 Tips for Marketing Your Business During Festivals.

view-point-marketcentral

Branding for Small Business - What is It, and How to Do It.

view-point-marketcentral

What is branding and why do small businesses require it?

view-point-marketcentral

Women Entrepreneurship and Women-led MSMEs: Schemes and Benefits PART Two

view-point-marketcentral

Women Entrepreneurship and Women-led MSMEs: Schemes and Benefits PART ONE

view-point-marketcentral

Go Digital, Go Secure: What Does This Mean for MSMEs?

view-point-marketcentral

What is Social Commerce and How Can it Help MSMEs?

view-point-marketcentral

How to implement ISO 9001 for Your Small Business?

view-point-marketcentral

Why is an ISO Certification Important for Your Business?

view-point-marketcentral

Updating Your Financial Operations Can Save Your Business Lakhs of Rupees!

view-point-marketcentral

Keeping Your Business Safe Online: The MarketCentral Way

view-point-marketcentral

Best-Time-for-MSMEs-to-start-digital-marketing

view-point-marketcentral

The MSME Tech Upgradation Scheme: What Does it Mean?

view-point-marketcentral

5 Ways to Protect Your Data and Build a Secure Online Business

view-point-marketcentral

Customer Experience: 3 Ways for B2B Businesses to Stand Out from the Crowd

view-point-marketcentral

Diwali 2021: 3 Trends in Online Business, E-commerce Inflation, and More

view-point-marketcentral

4 Steps To Guide Your Business-to-Business (B2B) Enterprise Towards eCommerce Success

view-point-marketcentral

What The Facebook, WhatsApp Outage Can Teach Small and Medium Indian Businesses

view-point-marketcentral

E-Commerce Market in India to reach $350 Billion by 2030: What Will This Mean for SMBs?

view-point-marketcentral

50 Lakh MSMEs Have Registered on Udayam portal. Enroll your business today.

view-point-marketcentral

3 Recent Schemes and Funds for MSMEs and What They Mean

view-point-marketcentral

E-Commerce Market in India to reach $350 Billion by 2030: What Will This Mean for SMBs?

view-point-marketcentral

Amul, Parle Among Businesses That Has Cut Supplies to Udaan

view-point-marketcentral

Covid-19 Second Wave: What Can Small and Medium Businesses (SMBs) Learn From It?

view-point-marketcentral

Amazon is Opening Physical Stores. What Does it Mean for Small Businesses?