Hiring activity across sectors in India rose by 2% in October, according to RecruiteX – TimesJobs’ recruitment index. This compares with a double-digit drop in talent demand in October 2014. Between August and October 2015, talent demand has risen 2% on average. The consulting services emerged as the fastest-growing employment generator with a significant 9% rise in talent demand. The sector has registered an average growth of 3% (more than the overall industry average) in the last three months (August-October 2015).
“High tech skills and the burgeoning tech-based entrepreneurial spirit are the new growth engines of the Indian economy,” said Vivek Madhukar, COO of TimesJobs.com. “Initiatives like Digital India, Smart Cities, Make in India, etc. when coupled with easy availability of capital and improved networking infrastructure are creating unforeseen opportunities and changing the economy. The job-markets are reflecting this economic paradigm shift.”