New Delhi: An Employment report released on Tuesday showed that the hiring outlook in India is the strongest worldwide for the October-December period (Q4 2024), showing a significant improvement of 7 percent compared to the ongoing July-September quarter (Q3).
Employers across all sectors report net positive hiring intentions for the festive quarter, with the financial and real estate industry having the strongest outlook of 47 percent, followed by information technology (46 percent), industrials and materials (36 percent), and consumer goods and services (35 percent), as per the latest ManpowerGroup’s Employment Outlook Survey.
The least optimistic prospects were witnessed in communication services (28 per cent).
North India continues to dominate job demand, with a 41 percent growth outlook, followed by the West (39 percent).
Sandeep Gulati, Managing Director, ManpowerGroup India and Middle East, said employers’ hiring intentions signifies the positive outlook in the country’s economic position, which has been reinforced by exports as a result of multilateral foreign policies and large-scale infrastructure development.
EVs Can Propel Indian Automobile Sector to Rs 134 Lakh Crore by 2047
“Coupled with this is our demographic advantage that is expected to boost our competitiveness in the global market,” Gulati added.
The country is expected to focus on its high domestic consumption, economy-booster government schemes, increasing demand for outsourcing services and manufacturing boom.
The report mentioned that with an increased focus on skill development to meet market demands, India may be able to reduce unemployment and fasten the pace of economic development by creating a more capable and adaptable workforce that meets the needs of emerging industries.
It added that, besides healthcare and life sciences (-6 percent), all other sectors have shown a positive uptick compared to the same period last quarter.
The report further mentioned that talent shortage continues to widen the demand-supply gap in India Inc.
For more updates Subscribe to Media Eye News
–IANS
