Manpower India conducts a quarterly survey of Indian employers. Today it said that all industry sectors, barring manufacturing, expect an increase in hiring activity.
The services sector has reported the most optimistic net employment outlook at over 54 per cent, as against 46 per cent in the previous quarter. The survey involved around 4,922 employers across sectors like services, manufacturing, transport and public administration among others.
"With employers implementing business strategies and plans in full motion, hiring activity is projected to gain further momentum in the quarter. The optimism of Indian employers is reflective of the pace at which business is growing across India," Soumen Basu, executive chairman, Manpower India, said.
Recent data showed that India's economy, as measured by the gross domestic product, grew 9.3 per cent in the first quarter of the current financial year.
Hiring intentions in the finance, insurance and real estate sector are considerably stronger on a quarter-on-quarter basis with an increase of 17 percentage points and a net employment outlook of plus 51 per cent.
The year-over-year comparison reveals an increase of five percentage points in the overall net employment possibility in the country.