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India – Recruiters remain cautious

31 January 2013

Hiring sentiments in India have declined with recruiters looking into the future with more caution, according to the latest job outlook survey by job site Naukri.com. This found a decline in the number of recruiters expecting an increase in jobs.

In January, 68% of respondents anticipated that new jobs will be created in 2013, down from 72% a year ago. But compared to July 2012, this figure has improved from 62%.

The survey questioned 1,200 employers in the country and found mixed results. The hiring outlook for the banking and IT sectors remained positive this year while companies expect the pharmaceutical and automobile industries to create fewer jobs in 2013.

Recruiters from Hyderabad and Bangalore were most optimistic about job growth in 2013, mainly for mid-level professionals with four to eight years of experience.

Ambarish Raghuvanshi, chief financial officer of Info Edge India, the company that runs Naukri, said: “While the indicators are weaker than the position a year back, the positive aspect is that they represent a minor improvement from what could have been a trough in July 2012.

“While businesses are understandably cautious, improvements in government decision making, macro environment and financial markets should lead to a better hiring climate over the next few months.”

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