Analysts say corporate India’s hiring plans are likely to observe speed in the months ahead.
Analysts have said that corporate India’s hiring plans are likely to observe speed in the months ahead as companies will not just appoint for their core business areas, but also for positions that were on hold because of weak economy.
Recent proposals by the government and the new Reserve Bank of India Governor Raghuram Rajan to stabilise the falling rupee appears to have enhanced the market response and created a sense that better times are yet to come. The steps have been hailed by the financers and entrepreneurs.
According to reports, MD of CareerBuilder India, Premlesh Machama said “If the positive sentiment ultimately turns into a positive economic cycle, recruitments in coming months and quarters may also get a push due to investments and expansion plans.”
On account of rupee decline, exports from IT and some other sectors have become extremely cut-throat, growing about 12 per cent in July. Experts believe that this development is likely to get stronger.
Entrepreneurs said that even though the worst is not yet over, but the light can still visible at the end of the tunnel. Optimistically, the worst will be behind us soon and the market will start growing in the second half of this year.
The latest Manpower Employment Outlook Survey painted a buoyant picture. According to the study, India has surfaced as the most positive nation in terms of hiring plans for the next three months, even after four successive quarters of comparatively uninspiring forecasts.
The dramatic spin in employer confidence was largely owing to the revival made by IT firms and associated companies.
Top-notch from the IT firms said that the future openings in the IT sector would contain Web analytics, design skills, IT languages, sector knowledge, understanding on security issues, database management and analysis skills.
There is an inflow of jobs offered in the e-commerce space simply due to the current market trend. India is developing as a new, yet a powerful name, in e-commerce business based on the cooperation as well as ever-rising demand of e-commerce as a concept.