PR pays and how! - Health – Lifestyle – MSN India

PR pays and how! - Health – Lifestyle – MSN India

March11, Tuesday 2008


PR pays and how!
India's public relations (PR) industry is poised to double itself to $6 billion by 2010 from current $3 billion due to increasing competition among companies to build brands resulting in more sales, said an industry chamber.
The PR industry, which has undergone a major paradigm change in the last decade, is also witnessing large-scale attrition level of up to 40 per cent, said the Associated Chambers of Commerce and Industry of India (Assocham) in a survey conducted over 400 PR professionals.

"Corporates are opting to rope in PR professionals to increase their sales turn-over as one of finest marketing strategies," said Venugopal N. Dhoot, Assocham president.

However, almost 90 per cent of the hard-working and sincere PR professionals shift their jobs in search for better opportunities, the survey indicated.

A whopping 75 per cent of those surveyed stated that the main reason for such an attrition level is the keenness to have exposure in various emerging sectors, with the country witnessing an economic boom.

"Since demand for PR professionals is rising, and so are opportunities, the relationship industries has shown a growth rate of about 22-25 per cent in last couple of years. It has now risen to 32 per cent and the trend will continue in future and even grow for better," Dhoot added.

The Indian PR industry has about 1,200-1,500 agencies with total manpower strength of 30,000 to 40,000, the Assocham said.

Besides healthcare, IT and consumer durables, some areas that have huge potential are public sector, environment and corporate responsibility, the survey showed.

However, the industry is reeling under issues such as lure of better pay, shortage of skills, leadership crisis and lack of understanding of the industry amongst newcomers.

Source: Indo-Asian News Service