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The Indian job market is expected to grow at a modest pace in 2013 with the public sector possibly seeing large-scale hiring, First Post reports. Recruitment activities are also predicted to be high in the retail sector.
This comes after high expectations for labour market performance in 2012 remained largely unfilled.
“The year 2012 began with a lot of promise as the job market in India was estimated to grow at 15%. But the sharp economic downturn in India and the impact of the European crisis adversely affected hiring across sectors like IT, telecom, hospitality, retail and infrastructure,” said Randstad India CEO, E. Balaji.
TeamLease Services co-founder, Sangeeta Lala, agrees. “2012 has been a stagnant year for most sectors. Few sectors like retail, FMCG and real estate have seen some quarterly spike due to projects and specific hiring projects.”
Hiring activity in 2013 is now expected to be at a slower pace. According to ManpowerGroup India’s executive director, Srikanth Rengarajan, “the first quarter of next year looks low on hiring activity trend. However, second quarter onwards activity will definitely pick up and markets will have to come out of the closet.”