Jobs, investment outlook dismal, says Ficci survey

Tribune News Service

New Delhi, July 17

The outlook for jobs remains dismal as the manufacturing sector is unlikely to hire additional workforce in next three months, according to the Ficci Manufacturing Survey.

According to the survey, hiring outlook for the manufacturing sector remains subdued and unlikely to hire additional workforce in next three months.

As per the survey findings, 73% of the sample participants in first quarter of 2017-18 said they are unlikely to hire additional workforce in next three months.

However, when compared on a sequential basis, this proportion reflects a mild improvement over the previous quarter when 77% of the respondents were reportedly averse to hire additional workforce.

The future investment outlook also looks less optimistic. As many as 74% respondents in Q1 2017-18 as against 75% respondents in Q4 2016-17 reported that they don't have any plans for capacity additions for the next six months.