India's Job Market
World's Fastest Growth yet to make a Mark on India's Job Market
Hiring in India’s formal job market remained stagnant even as growth accelerated at the fastest pace among the world’s biggest economies.
A survey of 5,110 employers conducted by Manpower Group found 16 percent planned to increase their workforce in the quarter ending September. It includes companies in the formal sector, who employ 10 or more workers. Data on India’s informal labor market, which employs the majority of its workers, is limited.
"Major trends that will drive recruitment in 2020 in India are diversity, automated recruitment, virtual reality, remote working options," AG Rao, group managing director of Manpower Group India said in a statement Tuesday. The service sector and wholesale and retail trade are expected to have the strongest outlook, with 20 percent of respondents saying they planned to hire in the September quarter.