India is the world's hottest employment mart: survey
08 Sep 2009
While job prospects remain weak in the United States, emerging countries like Brazil, and more particularly India, continue to hire more people and also show brighter prospects for the future, a global employment survey showed.
According to the Manpower Employment Outlook Survey report released by the Milwaukee, US-based Manpower Inc on Tuesday, hiring plans are strongest in the emerging markets of India, while job prospects remain weak in the United States.
In India, 25 per cent of employers intend to recruit people in the next three months - the highest among 35 countries surveyed. The wholesale and retail trade, as well as the finance, insurance and real estate sectors, are among the most upbeat when it comes to hiring intentions, the survey says.
"Indian employers have absorbed the layoffs conducted in the third quarter and are telling us they will being hiring again at a conservative pace, but most intend to keep their workforces intact through the end of the year," Manpower India's managing director Naresh Malhan said.
However, the employment outlook for the fourth quarter of the calendar year (19 per cent) is less by 14 percentage points compared to that of the same period a year ago. India has seen the most favourable hiring environment since the third quarter of 2008, the report said.
Nearly 5,637 employers spread across 30 Indian cities were surveyed by the global manpower services company.
