Employers bullish on hiring: Report

New Delhi, March 12: Employers in India continue to report a bullish hiring outlook for the upcoming June quarter, with 36 per cent of companies planning to add more staff in the next three months, a survey said.

According to the latest ManpowerGroup employment outlook survey of nearly 3,150 employers, India reports strongest outlook among 42 countries across the globe.

“India tops the list of countries across the globe with a net employment outlook of 36 per cent despite organisations struggling to activate their hiring plans with talent shortages at 80 per cent,” ManpowerGroup said.

India’s net employment outlook has strengthened by 6 per cent since AprilJune 2023 and is down 1 per cent when compared to the same period last quarter.

At 36 per cent, India reported the highest net employment outlook, followed by the US at 34 per cent, and China at 32 per cent. The global average stood at 22 per cent, while the weakest employment outlook was reported in Romania (- 2 per cent).

“This is indeed a moment of pride for India. We have been consistent in demonstrating our capabilities and leveraging our demographic dividend. Industries in healthcare, lifesciences and renewable energy are seeing rapid growth rates with the support of government initiatives,” said ManpowerGroup’s India managing director Sandeep Gulati.

Sector-wise, healthcare and lifesciences continues to dominate the market with strongest hiring intentions (44 per cent), followed by communication services (43 per cent), and information technology (41 per cent). The weakest outlook is indicated in energy and utilities (20 per cent).

“India is becoming a popular destination for medical tourism as well. We boast of the most FDA approved production facilities globally, outside of the US. With the further strengthening of the educational infrastructure underway and a large pool of talent availability, there is no stopping India from progressing into the next orbit of growth,” Gulati said.

INDIA REPORTED the highest net employment outlook, followed by the US at 34 per cent, and China at 32 per cent. The global average stood at 22 per cent.