India is expected to witness 7% surge in job creation — Healthcare, IT and ecommerce to hire over the next six months
- 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.
According to 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.
|Sectors||New hiring between April and September 2019|
The survey analysed 744 organisations in 19 sectors across geographies to understand the hiring sentiments and employment outlook trends.
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