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India's emergence as a hub for Global Capability Centres (GCCs) with a potential to create 2.8-4 million new jobs by 2029-30 has brought to light the sector's need to meet various legal obligations, according to a report. The report by TeamLease, GCCs in India: Cultivating Capability, Ensuring Compliance', revealed that India hosts over 1,800 GCCs, accounting for 55 per cent of the world's total, employs 1.9 million professionals and generates USD 64.6 billion in export revenue in FY25. According to the report, India's GCC sector is projected to add another 2.8-4 million jobs by FY30. Nearly one in five of these will be for freshers with digital skills in AI, cloud, data engineering, and cybersecurity, underscoring the growing shift towards a "digital-first" workforce. However, this rapid expansion is unfolding within an increasingly intricate regulatory landscape. Each GCC operator must comply with more than 500 distinct legal obligations, leading to over 2,000 annual legal ...
After a year of muted single-digit growth, hiring intent has returned to double digits at 11 per cent, up from 9.75 per cent last year, supported by formalisation and regional expansion, says a report. According to the India Decoding Jobs 2026 Report, launched by digital recruitment platform Taggd in collaboration with the Confederation of Indian Industry (CII), sectors such as BFSI, manufacturing, and infrastructure are set to drive hiring momentum. "This resurgence marks a shift from recovery to reinvention, powered by digital acceleration, formalisation, and regional expansion," Devashish Sharma, Co-Founder and CEO, Taggd, said. This edition of the report captures insights from nearly 300+ talent leaders across 21 industries, offering a data-backed view of India's job and talent story. As per the report, AI is transforming how organisations hire, with 60 per cent of recruiters using it for resume screening and 45 per cent for interview automation. As a result, AI-related skills
US President Donald Trump's decision to raise H1-B visa fee to USD 1,00,000 annually poses significant cost challenges to Indian IT companies and will be disruptive in near term, said Former Chairman of Nasscom BVR Mohan Reddy on Saturday. He also said the move could also push Indian IT firms to accelerate local hiring in the US, strengthen global delivery from India, and move up the value chainturning a challenge into an opportunity for more resilient models. The sudden USD 100,000 H-1B visa fee poses significant cost challenges for Indian IT companies, and the one-day implementation timeline creates considerable uncertainty for ongoing projects. While this is disruptive in the near term, it also compels us to accelerate local hiring, strengthen global delivery from India, and move up the value chainturning a challenge into an opportunity for more resilient models Reddy told PTI. In a development that could adversely affect Indian professionals in the US, President Trump on Friday
Geopolitical tensions, including wars in the Middle East, have impacted the Indian workplace with 63 per cent of respondents confirming that their companies are either freezing hiring or downsizing teams, claims a report. Over 63 per cent of respondents said their companies are either freezing hiring or downsizing teams with another 15 per cent noting a visible shift toward contract-based or freelance roles as the geopolitical tension escalates, the report by staffing solutions and HR services provider Genius Consultants has claimed. The report is based on an online survey among 2,006 employees from across sectors in the country during May 12 to June 6. Further, the report revealed that 36 per cent of the employees interviewed stated that their salary growth, bonuses, or appraisals are affected in light of geopolitical instability. Over 21 per cent said there is an increase in workload pressure and project timelines while 22 per cent reported that international business exposure or
The hiring outlook for this financial year remained positive as 45 per cent of employers interviewed said they plan to hire for new permanent positions, a report said on Saturday. A significant 45 per cent of employers plan to hire for new permanent positions, while 13 per cent plan to replace manpower in their existing positions, workforce solutions and HR services provider Genius Consultants said in a report - Hiring, Compensation & Attrition Management Outlook Survey for 2025-26. The report is based on insights from 1,520 CXOs and senior-level dignitaries of organisations across various industries for the upcoming financial year. The report further revealed that the growth of the importance of temporary hiring is widely visible, as 26 per cent of the employers focus on temporary, contractual, or project-based roles. However, 16 per cent of organisations indicated no hiring plans for FY26, highlighting a cautious approach. When asked about the primary focus of hiring, the report
Digital lending SaaS platform Biz2X, which has a current workforce of about 1,000, will hire over 200 professionals across AI, data science, engineering, product management, and technology in India in the next financial year. Biz2X is a turnkey global SaaS platform that enables financial institutions to provide a customised online lending experience for their small and mid-size business customers. India's digital lending landscape is undergoing a paradigm shift, with artificial intelligence (AI) emerging as the backbone of financial sector especially for risk assessment and credit decisioning, said Rohit Arora, co-founder and CEO of Biz2Credit and Biz2X. Arora outlined Biz2X's ambitious AI-led expansion plans, which includes the development of real-time credit models, partnerships with financial institutions. "The company also has robust hiring plans in the year ahead. Biz2X, with current workforce of 1,000 plus, will look to hire over 200+ professionals across AI, data science, ..
The Gujarat government cannot enact a law requiring industries to give 85 per cent of their jobs to local residents due to certain constitutional provisions, Minister of Labour and Employment Balvantsinh Rajput told the legislative assembly on Thursday. Responding to a query raised by Congress MLA Tushar Chaudhary, Rajput pointed out that Articles 14 and 21 of the Constitution prevent a state government from enacting a law which mandates that 85 per cent jobs in an industrial unit must be given to locals. Article 14 of the Constitution guarantees equality and equal protection of the law, while Article 21 guarantees the right to life and personal liberty. In March 1995, the then-BJP government in the state, through a government resolution (GR), had ordered all commercial entities, including central PSUs and private factories, to hire 85 per cent of their workforce from Gujarat, said Rajput. Chaudhary wanted to know how many industrial units had violated the GR on local hiring in ...
White-collar hiring activity in December witnessed a 9 per cent increase compared to the same period of the previous year, driven by high-skill and strategic roles, a report said on Thursday. According to Naukri JobSpeak, the index reached an impressive 2,651 points in December 2024, reflecting a robust 9 per cent year-on-year growth, a promising sign for the year ahead. Key sectors that were primary growth drivers in December 2024, included AI/ML (36 per cent), Oil and Gas (13 per cent), FMCG (12 per cent) and Healthcare (12 per cent), said the report. Top metro cities collectively posted a 10 per cent growth as the year came to an end, it added. The Naukri JobSpeak is a monthly Index representing the Indian job market and hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com. Meanwhile, according to the report, fresher hiring, which had majorly been muted through 2024, saw an impressive 6 per cent growth in December