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India – Hiring outlook promising next quarter

29 September 2014

The majority (81%) of Indian employers expect hiring activity to be robust during the third quarter of financial year 2015, according to a survey from recruitment tendering platform MyHiringClub.com, reports The Deccan Chronicle.

According to the survey, India’s net employment outlook, an indicator of recruitment intentions, stands at 44% for the October to December quarter, suggesting favourable opportunities for jobseekers. The outlook improved by +2 percentage points compared with both the previous quarter and year-on-year.

Rajesh Kumar, CEO of MyHiringClub and job board FlikJobs.com, stated: “Jobseekers will be going to get more opportunities as our study shows the Indian employment markets will experience positive hiring activity compared to Q3 FY 2014 and Q2 2015. The good news is that many markets appear to be heading in the right direction.” 

Seven of the nine industries surveyed reported positive hiring intentions, with employment in Infrastructure and Retail the most promising, rising by +12 and +8 percentage points respectively, year-on-year.

The strongest hiring prospects are reported in the IT & IT-enabled-Services sector with a net employment outlook of 47%. This is followed by Banking & Financial Services sector (45%), FMCG/FMCD (41%), Infrastructure sector (40%), Automobile & Manufacturing (39%), Retail (37%).

The weakest sectors are Real Estate (36%), Telecoms (36%), and Hospitality (32%).

Employers in all four regions, North, South, East, and West, predict a strong employment market for Q3 2015, with the most optimistic forecast for the southern parts of the country. The net employment outlook for the South is 29% for the next three months. Outlooks for the North, West and East are 27%, 26%, and 18%, respectively.