India is expected to witness a marginal 7 per cent rise in job creation in the October-March period of this financial year, as subdued economic conditions have dampened employment outlook, a report said on Monday.
According to TeamLease’s bi-annual Employment Outlook Report for HY2 2019, economic reforms lifted the spirits for seven of the 19 sectors surveyed, while nine sectors reported a decrease in their outlook for October-March period of this fiscal.
India will witness a 7.12 per cent increase in job creation in the current half year (October-March, 2019-20), it said. Positive hiring outlook was reported in sectors like healthcare and pharmaceuticals, information technology, e-commerce and tech start-ups, educational services, KPO, power and energy, and logistics.
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The sectors that are expected to witness a decrease in hiring include manufacturing, engineering and infrastructure, construction and real estate, financial services, retail, BPO/ITeS, telecommunications, travel and hospitality, FMCG and agriculture and agrochemicals.
Source: The Indian Express
