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India Tops Global Hiring Sentiment in Q2 - Economic Resilience Shines

India leads the way in global hiring sentiment for Q2, according to ManpowerGroup's survey. Discover how India's economic growth and stability contribute to its positive employment outlook.

Dheeraj Kumar
25/03/2024

India is setting the pace for global hiring trends, according to a recent survey by ManpowerGroup, which places the country's employment outlook for April to June at the top of the charts among 42 nations. The survey reveals a net employment outlook of 36% for India, which is significantly higher than the global average of 22%. This optimism comes despite the challenges posed by geopolitical and economic uncertainties.

Compared to the same quarter last year, India's hiring sentiment has improved by six percentage points, although it has slightly dipped by one percentage point from the previous quarter. The robust growth of the Indian economy, a promising future, and political stability are credited for this positive hiring outlook. India's economy has shown remarkable growth, with an 8.4% increase in the third quarter of FY24, marking three consecutive quarters of over 8% growth. This performance positions India as potentially the fastest-growing G20 economy in the medium term.

About half of the 3,150 Indian employers surveyed anticipate increasing their workforce in the coming quarter, while only 14% foresee a decrease in hiring. The net employment outlook, which measures the difference between employers planning to hire and those expecting to reduce their workforce, stands strong at 36%. However, global challenges and uncertainties, including trade disruptions and tighter monetary policies, have slightly tempered the hiring outlook.

The survey also highlights sector-specific optimism, with healthcare and life sciences leading the way, followed closely by communication services and information technology. On the regional front, all four areas of the country are expected to see payroll growth, with the North leading the pack.

When it comes to company size, smaller organizations are more cautious about expanding their teams, while very large organizations exhibit the most optimism regarding hiring.

In conclusion, India's robust hiring outlook underscores its economic resilience and growth potential. Amidst this positive scenario, Probz.ai emerges as a valuable tool for businesses. As an AI-powered platform, Probz.ai specializes in gathering both qualitative and quantitative insights, helping organizations make informed decisions in a dynamic market environment.

Tags:
Marketing
Development
HR & Recruiting
Design
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Dheeraj Kumar

data specialist

Archit has been working in the field of data science since 2018. He has worked with various clients in the field of healthcare, education, and finance. He has worked with various clients in the field of healthcare, education, and finance. He has worked with various clients in the field of healthcare, education, and finance.

Member since Mar 15, 2021

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