New Delhi, June 27 (IANS) India is set to see significant employment growth in the first half of the current fiscal year (FY25) across key industries, led by healthcare, pharma, automotive, manufacturing, engineering and infrastructure sectors, a report showed on Thursday.
The country’s employment market is likely to see an expansion of more than six per cent in the first six months of the current fiscal for 23 industries, according to the report by TeamLease Services, a leading staffing company.
In terms of workforce size growth, the leading industries are construction and real estate, travel and hospitality, electric vehicles (EV) and EV infrastructure.
“With India forecasted to be the fastest-growing G20 economy in 2024, coupled with strong investment demand and easing inflation, the job market remains resilient in the face of global headwinds,” said Kartik Narayan, CEO of TeamLease Staffing.
Nearly two out of five organisations are prioritising skills development, equipping their workforce for the technological advancements that lie ahead, he added.
Delhi, Bengaluru and Hyderabad are the top cities where employment opportunities are thriving.
Generative AI is projected to significantly impact 35 per cent of talent acquisition strategies, reflecting shifts in hiring practices due to technological advancements, according to the report.
The findings indicated a positive hiring sentiment in the Indian employment market, with 56 per cent of surveyed employers stating that their workforce will likely grow in the coming months.
Around 23 per cent anticipate maintaining their current workforce levels.
In terms of in-demand skills, employers are actively seeking candidates with strong communication skills, attention to detail, technical proficiency, and organisational abilities.
–IANS
na/khz
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
