Indian Employer’s Hiring Sentiments Strongest Globally: ManpowerGroup
The financials and real estate sector has the brightest employment outlook, closely followed by information technology
Employers anticipate closing out 2024 with enthusiasm as the festival season begins, according to the latest ManpowerGroup Employment Outlook Survey of nearly 3150 employers across sectors and region. The research is based on survey responses fielded July 1- 31, 2024. The Net Employment Outlook (NEO) for Q4 is +37 per cent, up +7 per cent from Q3 2024, and unchanged when compared with the same time last year.
“The hiring intention of employers signifies the positive outlook in the country’s economic position that has been reinforced by exports as a result of multi-lateral foreign policies and large-scale infrastructure development. Coupled with this, is our demographic advantage that is expected to boost our competitiveness in the global market,” said Sandeep Gulati, Managing Director, ManpowerGroup India and Middle East. “The Consumer Confidence Index (CCI) and Business Assessment Index (BAI) are moving upwards indicating confidence in the future of the economy.”
Gulati further stated, “India is expected to focus on its high domestic consumption, economy-booster government schemes, increasing demand for outsourcing services and manufacturing boom. With increased focus on skill development to meet market demands, India may be able to reduce unemployment and fasten the pace of economic development by creating more capable and adaptable workforce that meets the need of the emerging industries.”
KEY FINDINGS FROM THE Q4 SURVEY
