India 2nd Most Optimistic In Hiring, Growth Momentum Slows

Globally, the most optimistic employment outlook was reported in Taiwan, India, Japan, Hong Kong and the United States. The weakest - and the only negative - third-quarter hiring plans are reported in Italy and Brazil.

In India, employer hiring intention remained positive in all the seven sectors, mainly driven by mining and construction, finance, insurance, real estate, IT and retail.

"The business situation is encouraging now, and with the government's continued push for the 'Make-in-India' campaign, demand for logistics and supply chain management professionals in the manufacturing sector is likely to go up," Rao added.

The hiring intention remains bright for the upcoming quarter and outlook remains positive for all sectors and regions, according to the survey.

The other positive is employers in all the four regions covered expect staffing levels to go up in July-September.

The strongest labour markets are seen in the East and the South, where 39 per cent of companies remain sanguine about hiring. For the North and the West, it stands at 37 per cent, and 36 per cent, respectively.

The global survey covered nearly 59,000 employers across 42 countries and territories. And the third-quarter forecasts are mostly positive, with employers in 40 countries and territories expecting to add to their workforces by varying margins over the next three months.

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Source: PTI