MANUFACTURING, HOW'S THE JOSH? HIRE SIR!

The government of India’s Rs 6 lakh crore asset monetisation strategy over the four years till 2025, followed by revisions in FDI laws in the defence and telecom sectors, would have a greater influence on employment for the current quarter.

- Rahul Kamat

Ever since the pandemic has shown signs of weakening in the country, India Inc is witnessing a surge in job applications, as the employment market is gradually opening up.

The latest report by TeamLease, a human resource-providing platform, revealed that employers within the manufacturing sector have shown an increase in hiring intent. The report is based on a survey by TeamLease, which covered 301 small, medium and large companies across the nine manufacturing industries across India.

As per the report, the intent to hire shows a compelling rise of 3 percent from 65 percent to 68 percent for the current quarter (Jan-Mar 2022-23) compared to the previous quarter (Oct-Dec 202223). The surge in hiring intent is amidst the global economic impacts.

Additionally, the report also highlighted that the hiring intent was greater in metro cities (94 percent) as compared to the non-metro ones (73 percent). Mumbai (97 percent), Bengaluru (94 percent),

Chennai 89 percent), Delhi, 84 percent) and Pune 73 percent) were the cities with the highest hiring intent. The rural sector has the least change in intent to

 WHAT AIDS EMPLOYMENT?