Hiring Scene

India to add 11.5 lakh jobs in first half of FY20

India will witness an addition of 11.5 lakh jobs in the first half of 2019-20, led by travel, hospitality and BPO/ITeS, according to a report.

India to add  11.5 lakh jobs in first half of FY20

vermaajay1968@gmail.com

India will witness an addition of 11.5 lakh jobs in the first half of 2019-20, led by travel, hospitality and BPO/ITeS, according to a report.

“The positive outlook created by the stock market rally and increased investments seems to be having a corresponding impact on the employment outlook. It has revived the net employment outlook to a 3 per cent rise in the current half year,” TeamLease Services executive vice president Rituparna Chakraborty said. The buoyancy witnessed will also translate positively on the job creation front and, in fact, around 11.5 lakh new jobs will be created in the formal sector, Chakraborty said quoting ‘Employment Outlook’ report. “Retail, logistic, educational services and fast moving consumer goods and durables alone will add around 1.66 lakh, 1.49 lakh, 1.17 lakh and 1.10 lakh jobs respectively,” she added.

The report is based on survey across 19 sectors and 14 geographies among 775 enterprises in India and 85 employers across the globe to evaluate employment outlook trends. It revealed that 11 out of the 19 sectors surveyed project an increase in net employment outlook, while 8 sectors anticipate a decrease in outlook.

A key contributor to the positive employment outlook has been the tier-II geographies, which apprehend a 5 per cent increase in hiring sentiment, followed by tier III towns and rural area where hiring in projected to increase by 2 percent each. —  PTI 

Cities

View All

Despite NGT orders, MC fails to start garbage remediation

It was also told to develop a green belt, build a wall aroun...

Farmers get soil health cards

Scheme aimed at ensuring judicious use of fertilisers

Chief Engineer finds fault with Corbusier

Says Capitol Complex ‘nude’ building, terms it blunder

Feel unsafe returning from library at night, say PU girls

No e-rickshaws, hostellers have to book cab or go in groups

Two jailed for injuring student

Court imposes Rs 1K fine, acquits them of murder bid charges

Investigations to continue despite victim’s retraction

IG told to verify fairness of probe by P’kula police

NSUI members clash with cops during protest

Rally organised against education policy; DTC bus vandalise...

Rains, thunderstorm in Delhi

Temperature is likely to drop after Saturday

DC to take up ROB issue with Chief Secretary

Railways is delaying process to start construction of the br...

Division 7 cops in spot

Victim girl accuses them of bias in harassment case

Gang raising loan on fake jewellery busted, 5 held

95-gram ornaments recovered; 3 suspects escape

SUV rams into stationary truck, driver dies on spot

Couldn’t spot truck in time due to fog at Biza