The healthcare and pharma sector will lead India’s workforce expansion in the second half of the current fiscal ending in March 2024, report The Hindu, citing staffing firms. According to data from TeamLease, among cities, Chennai is leading in incremental workforce expansion in the healthcare and pharma sector at 12.8%, followed by Kolkata at 11.6%, and Coimbatore at 11.5%.

TeamLease says capacity expansion, talent development, and the cultivation of indispensable skill sets would be critical to drive the pharmaceutical sector’s ambitious expansion and some 86% of healthcare and pharma firms showed serious intent for additional hiring.

Anticipations for 2024 are optimistic on both technological and non-technological fronts in the realm of hiring, as per NLB Services, a technology and digital talent solutions provider. “Our assessments indicate that IT hiring is expected to gain momentum in the early months of the calendar Year 2024, driven by the increasing adoption of new technologies such as big data, cloud computing, and artificial intelligence,’ said Sachin Alug, CEO, NLB Services. Overall hiring in the IT sector is expected to surge by 12-15% in the calendar year 2024, especially due to the surge in GCCs (global capability centres) and global economy settling down comparatively.