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India – Hiring to jump 7% in April-June quarter if lockdowns not further enforced (Mint)

15 April 2021

India’s formal sector is ready to hire this April-June quarter if further lockdowns and workplace operating rules are not enforced, reports LiveMint, citing data from TeamLease Services. The research found that recruitment could rise by 7% over the previous quarter ended March 2021. Out of the 21 sectors reviewed by TeamLease, over eight sectors will witness a 9%-11% points rise in their intent to hire in the current quarter. "Indian economy has been regaining the lost ground and the same was reflecting in hiring as well,” Rituparna Chakraborty, Co-Founder & Executive Vice President, TeamLease Services, said. The country is, however, struggling to control a new wave of Covid-19 infections. Chakraborty added that if India resorts to lockdowns, it will derail and further delay the recovery. The intent to hire will grow from 27% (January - March 2021) to 34% in the current quarter. Healthcare and pharmaceuticals, educational services, ecommerce and technology start-ups and IT are the key sectors that are likely to ramp up their talent pool.