Employers in India, world's second fastest growing economy, are leading the Asia-Pacific job market to meet their ever growing requirement for best possible talent globally in the fast growing services sector, reveals a survey by an international HR consultancy firm.
India is leading the employment growth in Asia Pacific followed by Singapore, Australia, New Zealand and Hong Kong, the fourth-quarter hiring outlook survey by US-based consultant Manpower said on Tuesday.
The survey included employers across seven sectors -- finance, real estate, manufacturing, public administration, services, transportation and retail trade. Of the seven sectors, only employers in the manufacturing sector reported a decline in hiring activity.
As per the survey, conducted for the 10th consecutive quarter, employers across the seven industry sectors in India reported positive hiring intentions. The greatest improvement was reported in transportation sector where the outlook improved by 17 per cent. Employers in all the other sectors reported relatively stable hiring plans.
Motivated by a robust GDP growth, companies are taking up development activities in new age sectors such as retail, telecom and information technology and enabled services sectors and require huge human resources to meet their expansion plans.
The optimism of Indian employers is reflective of the pace at which business throughout India is growing, Manpower India Executive Chairman Soumen Basu said.
Of the 27 countries surveyed globally this quarter, employer hiring intentions continue to be strong in India with overall net employment outlook of +47 per cent, the most optimistic projection since 2005, the survey said.
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