Most employers across India (79%) plan to maintain or increase their workforce in October-March period of FY 2024, reports the Financial Express, citing research from staffing firm TeamLease. The research surveyed 1,820 companies across 14 cities. Industries such as healthcare and pharmaceuticals, electric vehicles and infrastructure are expected to see the highest workforce expansion and new hirings while power and energy and FMCG (fast-moving consumer goods) sectors are projected to see robust replacement hiring in the second half ended March 2024.

Among the cities, Bengaluru, Chennai and Mumbai are the top cities for incremental workforce expansion as well as for replacement hiring and new hiring. The report has attributed the upswing in hiring across India to various government initiatives.