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White-collar hiring in India went up 22 per cent in May mainly fuelled by the surge in recruitment in the consumer electronics sector, according to a report on Thursday. However, a marginal 2 per cent month-on-month (MoM) increase in white collar hiring indicated a temporary slowdown in the recruitment momentum, the foundit Insights Tracker (FIT) report added. The FIT further stated that the year-on-year surge is led by the consumer electronics sector, which saw a 70 per cent spike, while the logistics and transportation sector fuelled MoM growth with a 5 per cent uptick. Senior management roles emerged as a key focus area, registering the highest year-on-year growth at 36 per cent, signalling robust leadership hiring. Among cities, Mumbai stood out with the strongest year-on-year growth at 23 per cent, which reflects growing sectoral resilience, innovation, and a strategic push towards long-term, sustainable workforce development, said the report. "The consistent rise in white-co
India's electronics manufacturing and export prowess have grown multi-fold in the last decade driven by enabling policies and incentives, and the Made-in-India products now command global recognition given their reliability and respect for IP rights, Union Minister Ashwini Vaishnaw said on Friday. Inaugurating VVDN Technologies' SMT (Surface Mount Technology) Line at Manesar, the Minister noted that electronics manufacturing in India has risen 5-fold in the last decade topping Rs 11 lakh crore. Exports have grown 6 times during this period, crossing Rs 3.25 lakh crore. The entire ecosystem has spurred 25 lakh jobs, Vaishnaw, Minister for Electronics and IT said. "In global market, Indian products, given their reliability and respect for IP rights, have an advantage, and it is being recognised globally," Vaishnaw said. India's design capabilities have paved the way for complex products - from AI cameras to automobile electronics and telecom network equipment to power electronics -
Intermittent rainfall in south India and recent thunderstorms with moderate rain in some parts of north and eastern regions have slowed down the pace of sales of room air conditioners in April, but the industry is still expecting a double-digit growth with recent weather forecasts suggesting an intense summer. Manufacturers of room air conditioners (RAC), including Blue Star, Samsung, and Haier, are also going for a price increase of up to 5 per cent in April, extending the impact on raw material costs and currency exchange fluctuations amidst macroeconomic volatility. Besides, the room AC industry is still dependent on imports of crucial components such as compressors, PCBs, and fan motors, mainly from China, and is anxiously looking at the tariff standoff triggered by the Trump administration. Despite such odds, the RAC industry expects a double-digit growth in the June quarter, the season contributing a large chunk for sales of compressor-based cooling products, over the high bas