According to me, it is not going to be what is being expected. I have read various news and articles about this concern and the data shows the vacancies are dropping significantly in the govt sectors.
Here are some of my observations and my views as to how future is gonna be:
a) The Government of India will continue to allow the private sector to play a larger role as the Indian economy becomes more liberal and market-oriented. Government PSUs/PSBs that are losing money will be privatised or the government’s stakes will be reduced.
b) Contract jobs will become more common. Permanent jobs are dwindling and will become the norm in the near future. One would be hired by the government for as long as it is required (but not beyond the age of 58/60/62).
c) Government officials’ influence on the public has already dwindled and will continue to dwindle.
d) The government may not be able to raise enough cash to raise employee pay in the same proportion as in the past. As a result, compensation will be limited in the future.
Very very unfortunate, right? What are you views on this?
