A survey reveals that the outlook for job hiring has improved in India from a significant increase in the number of employers generated due to a healthy economic growth in the current year.
As per the TeamLease Employment Outlook Report, for the period of April-September 2018-19, the outlook for net employment has increased by four percent to 95 percent from 91 percent in the preceding half-yearly period of October-March 2017-18. The net outlook of 95 percent was previously seen for October-March 2016-17.
Sectors of FMCG (fast moving consumer goods), business process outsourcing (BPO), retail, IT-enabled services, media and entertainment and construction and real estate are expected to drive this increase in hiring drive.
The employment outlook in India looks substantially higher than in other Asian regions. Out of the eight cities surveyed, Mumbai (+4%), Delhi (+3%), Bengaluru (+1%), Hyderabad (+1%) and Pune (+1%) are expecting a positive growth. On the other hand, a drop in hiring is expected in Chennai (-1%), Ahmedabad (-2%) and Kolkata (-3%).
Medium-sized businesses are showing the most positive outlook in hiring at 5 percent, while the large and small businesses are at 4 percent and 3 percent respectively.