India Inc on hiring spree; 71% cos recruiting

India Inc's hiring activity has increased considerably since September last year and the current recruitment level is one of the highest globally, says a survey by international recruitment firm Antal.

The quarterly global survey asked more than 6,000 firms in 30 countries that whether they were hiring at managerial and professional level and planned to do so in the coming quarter as well.

As much as 71 per cent of Indian companies surveyed said they were currently hiring compared to around half in September, the survey revealed.

Nigeria (79 per cent) is the only country to have a higher rate of hiring than India's.

"Confidence is back at its peak in the Indian job markets, its happy days again for job seekers," Antal International Managing Partner Joseph Devasia said.

Further, the survey stated that Indian firms plan on increasing their hiring activity even more, with 78 per cent expecting to hire managerial staff over the next three months.

"Combined with a very low rate of letting people go (16 per cent and set to drop by a further three per cent) the results indicate a strong employment market which is improving all the time," the Antal report noted about India.