subject: Trading Jobs in India [print this page] Trading Jobs in India Trading Jobs in India
Indian economy is the twelfth largest in the world and is developing at a rapid pace every year. It is one of the most robust economies as evident during the prolonged phase of global economic slowdown. Not only did it manage to withstand the fiscal flu but also bounced back much faster as compared to other developed economies of US, UK and others.
With its fast recovery, the outlook for India's trade sector has brightened creating thousands of Job opportunities.
Trade- the voluntary exchange of goods and services- is the most indispensable for a country's economical growth. The Government formulates and announces a trade policy that is altered from time to time according to the requirements. The most important department concerned with promotion and regulation of foreign trade in India is the Ministry of Commerce and Industry. The two other important offices for the trade industry are (a) The Directorate General of Foreign Trade (DGFT) and
(b) The Directorate General of Commercial Intelligence and Statistics (DGCI&S).
-DGFT is involved in implementation of the Foreign Trade Policy or Exim Policy while working toward the main objective of promoting Indian exports. Also, it issues licenses to exporters and actively monitors their ascribed obligations with the help of a network of regional offices.
-DGCI&S is responsible for collection, compilation and dissemination of trade statistics and various kinds of commercial information required by the importers, exporters, traders, policy makers, researchers as well as overseas buyers.
Trading jobs in India are available across various areas like Purchase, Supply, Logistics, etc. Jobs in Purchase, Supply Chain, Warehouse, Deputy, Logistics, Materials/ Procurement, Stores/ Inventory and Analyst departments are open in all major cities of the country. The remuneration in the profession is excellent depending upon the qualification and experience. It includes international business i.e. import and export as well, thus, extending to production, packing, invoicing, shipping, marketing and other such tasks. Executive and managerial jobs for business, product, area sales, marketing, brand and others have huge scope in India.
Trade industry is picking up fast after the global economic downturn two years ago. Job creation in India has outdone envisions made by Ma Foi Randstand, a global manpower consulting firm. Moreover, trading is among the top 13 industries that promise rapid growth and high recruitment numbers in coming future. Jobs in trading sector have been on a rise ever since the economy took a U-turn from recession and showed signs of recovery. National imports and exports have improved considerably as compared to the figures of years 2008 and 2009. The kinds and choices of jobs in trading have also become wider with fast paced expansion and development of the sector.
As India is engaged in trade agreements and negotiations at multilateral, regional and bilateral levels, the potential is immense. It is interacting with global agencies like WTO (World Trade Organization), UNCTAD (United National Conference on Trade & Development), ESCAP (Economic and Social Commission for Asia and Pacific), etc. on various trade related issues. It is in talks with individual countries or group of countries on numerous concerns including tariff and non-tariff barriers, international commodity agreements, preferential/free trade arrangements, investment matters, etc. The latest is India and the 27 nation Europe Union trade deal that aims at protecting and promoting trade industry and its jobs.
India has successfully entered into some of the major regional trading arrangements like Agreement on South Asian Free Trade Area (SAFTA); Asia-Pacific Trade Agreement (APTA); Framework Agreement on Comprehensive Economic Cooperation between ASEAN and India; etc. Trading jobs in the country are definitely on a rise and hold huge potential for well trained professionals.
