CAREERS
India’s Hiring Momentum Eases for July–September but Continues to Outperform Major Economies
MyDigiFolio Editors
1 min read
Hiring expectations in India have moderated for the July–September period as companies respond to global uncertainties. Even with the slowdown, the country’s employment outlook continues to remain resilient and above last year’s levels.
India’s job market is expected to grow at a slower pace during the July–September quarter compared with the previous quarter, as businesses adopt a more cautious approach amid ongoing geopolitical concerns.
Findings from the latest ManpowerGroup Employment Outlook Survey show that India’s net employment outlook for the upcoming quarter is 48%. This marks a notable decline from the 68% outlook reported for April–June.
Despite the quarter-on-quarter drop, hiring sentiment remains stronger than a year ago. The latest outlook is six percentage points higher than the level recorded during the same period last year.
The net employment outlook measures the gap between employers planning to increase their workforce and those expecting to reduce staff numbers.
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