Financial services sector: Questions are constantly being raised about unemployment in the country. People say that the youth of the country do not have jobs, but many times such figures come out which surprise people. Last year, 18 lakh jobs were vacant in the financial sector. This claim has been made by Krishna Mishra, CEO of Financial Planning Standards Board.

Krishna Mishra said that there is no lack of employment in the financial services sector. The problem here is different. There are jobs but no one to take them. Referring to the National Career Services portal of the Central Government, he said that last year 46.86 lakh jobs were created in financial services. Out of these, only 27.5 lakh posts could be filled and the remaining 18 lakh posts are lying vacant. The biggest reason for this is said to be the lack of skills among the youth. There are jobs in the country but there is a huge shortage of qualified people.

He said that GIFT City being built in Gandhinagar, Gujarat is providing employment to around 6000 people in the financial services sector. GIFT City will provide employment to around 1.5 lakh people in the next 5 years. According to Krishna, jobs are always available in banks, insurance companies, brokerage houses and mutual fund companies. If you search for jobs online, you will find that most of the jobs are available in the financial services sector.

FPSB conducts the international Certified Financial Planner (CFP) certification program. While there are 2.23 lakh CFPs worldwide, India has only 2,731. By 2030, there will be around 10,000 CFPs in the country while the requirement is at least 1 lakh. Personal finance is still not taken seriously in India. It is considered a thing for the rich. But, in the future, everyone will need it.