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Confidence in Hiring According to Indian Employers

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The Manpower Employment Outlook Survey for India indicates that Indian employers expect the hiring pace to remain robust in the January-March time frame. Once the data is adjusted to allow for seasonal variation, employers report an Outlook of +42 per cent. The survey of 5,065 employers across India found that for the second consecutive quarter, employer confidence in India is stronger than in any of the other 41 countries and territories participating in the survey. More than four in 10 employers expect to add to their payrolls in the first three months of the year, and the hiring pace is expected to be vigorous in each of India’s seven industry sectors.

“As the Indian economy keeps up its escalating growth trajectory, the job market also looks very positive,” said A G Rao, group managing director at ManpowerGroup India. “Job seekers are optimistic about job opportunities in the country. The Indian market continues to grow, with strong confidence bolstered by high levels of investment. Given the much needed reforms impetus to the economy, the government announced Foreign Direct Investment (FDI) reforms in as many as 15 sectors. Employer hiring intentions remain positive, primarily driven by Transportation and Utilities, Wholesale and Retail Trade, Finance, Insurance and Real estate and Public Administration & Education Sectors,”

SOURCE: theglobalrecruiter.com