Agriculture will benefit from the crop insurance scheme, Pradhan Mantri Gram Sadak Yojana and the numerous e-mandis that are coming up spearheaded by Minister for Food Processing Harsimran Kaur Badal's team. I shall not be surprized if agri income increases by more than 45 per cent next fiscal.
Railway related companies such as Titagarh Wagons, IRCTC and Rites will see hike in salaries by not more than 25 per cent. Quite a few of them would be vendors for the Indian Railways. Companies in the retail and infrastructure space will also see the number of jobs rise and the salaries go up by at the most 18 per cent.
Logistics is one industry that will explode exactly three months after the Goods and Services Tax is implemented throughout the country. This explosion will continue like the Big Bang and maintain its momentum throughout the next four years. The logistics Big Bang will be greater if Mr Nitin Gadkari continues his momentum of creating highways and other roads.
The infrastructure industry will grow in size and will give rise to sub-sections within the industry. Every small town and large metropolis needs infusion of funds to create better infrastructure for professional services as well as a better quality of life for its citizens.
Pharmaceuticals will lack innovation and the supply chain will gather a lot of low investment competitors who will eat into the profits of large companies in at least their peripheral products. These peripheral products would be over the counter (OTC) as well as retail prescription drugs.
Media companies in India will slowly get obliterated by the social media and the digital media companies which are supplying innovative and unique content to the reader. For instance, Money Control and CNBCTV18 are steadily scoring against their competitors for this particular reason.
Names in print media which used to be a brand such as Shekhar Gupta and Vir Sanghvi will slowly find themselves hard pressed to maintain brand equity owing to their past records and present activity on similar lines as their past. Shekhar Gupta is already feeling the pinch while Vir holds his own.
Print media men who continue to maintain the hierarchy in functions for digital just as they did in their print days will continue to suffer as that structure throttles the industry's output.
Electronic products will continue to become cheaper and converge on Android tabs or phones. Prices will keep on dipping continuously. DSLR cameras will see a smaller and smaller client base. This will lead to smaller and smaller salary hikes in electronics.
Textiles will suffer from the same fate as it will be treated more and more like a commodity. Advertising will suffer from what the public relations industry has been suffering from during the last 10 years and continues to suffer from it -- a surfeit of small time players most of whom do not deliver.
Hospitality has not been mentioned in the title precisely because it may turn either way. If the industry embraces the good step by Union Minister Ram Vilas Paswan of discontinuing the illegal levying of service charges by restaurants and banquet halls, then it will see rising salaries but if it tries to bring back the services charges through underhand means then the subsidizing of inefficient operations will continue and the industry will see another nose dive in salaries.
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