Jobs in India hits 3.5yr high. Telecom and Financial sector hiring to touch new highs

According to half-yearly TeamLease Employment Outlook Report, in India employment outlook has hit a three and a half year high for October 2016-March 2017 and is driven by positive economic sentiment leaning on several factors like substantial private and foreign investment, rapid growth of knowledge services and the government's continued focus on Make in India and Startup India programmes.

However, job growth de-acceleration in several sectors and markets now seem to be leveling off after nearly five consecutive periods of significant acceleration from the first half of 2014.

The report published by the staffing firm has looked over both employment and business outlook increase incrementally from the already positive sentiment of the previous half year. The employment outlook has gone up by 2 percentage points to 95, and business outlook by the same margin to 97.

A notable increase can be seen in sectors like healthcare and pharmaceuticals which has grown 4 points up to 94 and telecom by 4 points up to 87, followed by new-age sectors such as IT, ecommerce and Internet startups, which are both up one point each to 99 and 87, respectively.

Kunal Sen, senior Vice President of TeamLease, however feels that while employment outlook has increased, job growth has slowed down in few sectors like as FMCG and durables, IT, ecommerce and Internet startups, retail and manufacturing, engineering and infrastructure.
(image: Indiatimes)