- India is expected to witness nearly 7% surge in job creation in the second quarter while the fresher hiring takes a hit, showing negative hiring sentiment.
- Healthcare & pharmaceuticals, IT and ecommerce and, tech startups intend to hire in the next six months.
- However, manufacturing, construction & real estate, financial services, retail and FMCG have shown a negative outlook for hiring.
- Delhi, Bangalore, Chennai and Mumbai created the most number of jobs during April -September.
As the Indian government incorporates reforms in export policy and corporate tax to put an end to the rising unemployment rate in the country, healthcare & pharmaceuticals, IT and ecommerce and, tech startups intend to hire in the next six months, particularly from tier-II cities.
$4 the Centre for Monitoring Indian Economy (CMIE), the unemployment rate in India fell to 7.48% in November. “8 out of the 19 sectors are expected to witness a double digit rise in job creation. Logistics and educational services alone will add 14.36% more jobs during the period October-March, 2019-20 indicting the dip in the net employment outlook to be more of a passing phase,” said Rituparna Chakraborty, Co-Founder & Executive Vice President, TeamLease Services.
During the first half of the year — April to September 2019 — logistics, educational services and Fast Moving Consumer Goods & Durables led the hiring sentiment. Delhi, Bangalore, Chennai and Mumbai created the most number of jobs in the same period.
The survey analysed 744 organisations in 19 sectors across geographies to understand the hiring sentiments and employment outlook trends.
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