India’s white-collar job market is on a sustained recovery path as pickup in business activity and rising turnover levels are prompting companies to ramp up hiring, reports The Economic Times, citing research from staffing firm Xpheno. The data showed that the number of active job openings in April was 305,000, up 53% from a year earlier. This is also higher than the pre-Covid monthly average vacancies of 230,000-240,000 and almost at the same level as the March jobs number of 310,00. Job market experts attributed this to an overall positive business sentiment, increase in consumption, pent-up demand and greater confidence in growth prospects. The IT services sector, which has been leading in hiring, recorded 76% annual growth in April.

“The job market will be getting even better as companies prepare for future growth and the economy comes out of pandemic-related restrictions. Hiring activity will remain buoyant going ahead,” said Madan Sabnavis, chief economist, Bank of Baroda. “High inflation or the war in Ukraine will not affect hiring decisions.”