In India, 37% of employers intend to boost their workforce by the March quarter of 2024, as per a recent survey on hiring trends.
- IBEF
- December 13, 2023
India exhibits robust hiring sentiment globally, as revealed by the latest ManpowerGroup Employment Outlook Survey. The report indicates that within the next three months, 37% of Indian businesses plan to augment their workforce, showcasing the country's strongest Net Employment Outlook (NEO) among 41 surveyed nations. This positive trajectory for January-March 2024, derived from the %age difference between employers planning to hire and those anticipating staff reductions, reflects a 5% increase from the same period in 2023 and remains consistent with the previous quarter.
Sandeep Gulati, Managing Director of ManpowerGroup India and Middle East, highlights India's thriving economy, citing strong domestic demand and consistent private investments. The survey ranks India and the Netherlands at the top with a 37% net employment outlook, surpassing the global average of 26%. Across industries, Financial and Real Estate lead with 45%, followed by Information Technology (44%) and Consumer Goods and Services (42%). Challenges persist, notably in the Energy and Utilities sector at 28%. Regionally, the western part of India leads job demand at 39%, while employers globally, including India, face difficulties finding skilled talent. In India, this challenge stands at 81%, impacting sectors like transport, logistics, automotive, and information technology.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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