Unfilled Jobs in India's Booming Financial Sector Raise Employability Concerns

India's financial services sector is grappling with an employability crisis, as highlighted by FPSB India CEO Krishan Mishra on Wednesday. Recent data reveals that 18 lakh positions remained unfilled out of the 46.86 lakh jobs created last year.

“Banks, insurance companies, brokerage houses, and mutual fund companies are continuously in dire need of trained professionals,” said Mishra. GIFT City in Gandhinagar alone is projected to create 1.5 lakh jobs in the next five years, underscoring the urgent need for skilled talent in the sector.

FPSB India is taking proactive steps to address this challenge through partnerships, including a new MoU with IIMA, aiming to launch training programs, conduct research, and organize workshops. The organization also signed an agreement with IFSCA to build a skilled workforce for GIFT City.

(With inputs from agencies.)