India's Job Market

Hedge funds and trading firms outpace start-ups in placement drives

Reform in education and skilling should link classrooms with careers, moving toward project-based, industry-aligned learning

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

The white-collar hiring activity in October declined 9 per cent year-on-year as the Diwali-Dussehra festive holidays temporarily impacted recruitment momentum, a report said on Monday. India's white-collar hiring activity eased in October as the Diwali-Dussehra festive cluster temporarily slowed recruitment momentum, according to the Naukri JobSpeak Index report. 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. While the festive season led to a broad-based slowdown, sectors such as Accounting and Finance (15 per cent), Education (13 per cent), and BPO/ITES (6 per cent) defied the trend with positive growth, it stated. The growth in hiring in the education sector was propelled by fresher and startup hiring and this momentum was geographically widespread, with major contributions from Hyderabad (47 per cent), Chennai (34 per cent), and ..

Unemployment in May rose to 5.6 per cent with youth and women most affected, while labour force participation fell to 54.8 per cent, latest PLFS data shows

India's job market is witnessing high mobility with a significant percentage of professionals actively seeking new roles, many are now negotiating for better pay within their current organisations, says a survey. The latest Talent Trends India 2025 report by Michael Page reveals that 62 per cent of professionals have negotiated a raise this year, and 37 per cent succeeded -- signalling a shift toward internal advancement. The rate of successful salary increases has risen from 32 per cent last year to 37 per cent this year. The report is based on insights from nearly 3,000 professionals across the country. According to the report, professionals are increasingly prioritising purpose, ethics, and flexibility in an organisation. "Today's workforce is increasingly values-driven and future-focused. Job satisfaction alone is no longer enough to ensure loyalty -- professionals are continuously evaluating their growth trajectory, alignment with company values, and the flexibility offered," .

Union Minister Nirmala Sitharaman on Monday launched a dedicated mobile application for the Prime Minister Internship Scheme and urged more companies to join the programme. Also, the minister said she has appealed to MPs to encourage youth to join the scheme. The pilot project of the scheme targeted at providing 1.25 lakh internship opportunities to the youth during 2024-25 was launched on October 3, 2024. After launching the app in the national capital on Monday, Sitharaman, who is in charge of the Finance and Corporate Affairs ministries, said the scheme is aimed at getting youth from Tier II and III cities and help them to understand the skills that are required by the industry as well as the job availability. There is a shortage of people in terms of industry expectations and requirements and the scheme is aimed at bridging that gap, the minister said. Regarding the scheme, she emphasised that there is no compulsion on industry and no interference. The scheme is for a nationa

India's job market continued its upward momentum in February, witnessing 41 per cent year-on-year growth mainly driven by freshers hiring, a report said on Thursday. In February, fresher hiring rose by 26 per cent year-on-year (YoY) reflecting sustained employer demand for entry-level talent, according to data by foundit (formerly Monster APAC and ME), Asia's jobs and talent platform. There has been 41 per cent growth in hiring in February 2025 compared to a year ago, driven by the fresher job market which maintained steady growth, according to the report. Among sectors, IT - Hardware and Software continued to lead fresher hiring, nearly doubling its share from 17 per cent in 2024 to 34 per cent in 2025, the report said. "The shift towards skill-based hiring is undeniable. Employers are increasingly prioritising candidates with practical expertise and industry-relevant skills," foundit CEO V Suresh stated. The foundit Insights Tracker (fit) is a comprehensive monthly analysis of .

According to a report by hiring platform Indeed, employers are increasingly prioritising skills over degrees, reshaping the job market and opening doors for non-traditional talent

India's job crisis deepens as only 42.6 per cent of graduates are employable, sparking concerns over the growing skill gap in an AI-driven workforce

As part of the Viksit Bharat initiative, announced in the July 2024 budget, the government launched a comprehensive internship scheme aimed at providing opportunities to 1 crore youth over five years

The quick commerce industry hired about 40,000 workers last quarter to handle increased festive shopping and e-commerce demand

HCLTech, which is also set to release its third-quarter earnings on January 13, is projected to lead growth among Tier-I IT firms

Indian IT ecosystem is poised for a promising growth trajectory in the coming years with emerging technologies expected to witness a 20 per cent increase in new jobs in 2025, Human Resources (HR) platform FirstMeridian Business Services said on Tuesday. Looking back at 2024, it said the Indian IT and tech ecosystem witnessed a 17 per cent surge in new employment opportunities, driven by rapid digital transformation and the concurrent rising demand for emerging tech niche job profiles. "After a muted H1, the sector regained momentum, as we gear up for 2025, these trends will continue, while also eyeing an average 20 per cent rise in profiles like application developers, software engineers, DevOps engineers, AI, ML, and Cyber Security," FirstMeridian Business Services CEO, IT Staffing, Sunil Nehra said. Moreover, Artificial Intelligence (AI), which was a major trend in 2024, is expected to further accelerate in 2025, Nehra added. The sector is set for remarkable expansion, with high

Franco Pereyra, co-founder, COO of Near sparked an online debate by claiming that the less pay for third-world countries employees is justifiable. However, people denied and countered the narrative

White-collar hiring activity witnessed a 6 per cent growth in September compared to the same month last year, mainly driven by a recovering IT sector, a report said on Thursday. The Naukri JobSpeak Index reached 2,727 points in September, marking a 6 per cent year-on-year (YoY) growth, it said. This positive trend was largely driven by a resurgent IT sector, which demonstrated 18 per cent YoY growth in hiring activity. Non-traditional IT hubs showed significant growth, potentially indicating a geographical diversification trend. Jaipur led the pack with a 47 per cent YoY increase in IT roles, followed by Kolkata at 32 per cent, the report said. The IT sector also saw a 35 per cent YoY growth in hiring for professionals with over 16 years of experience. Unicorns and foreign MNCs were key drivers of this growth, with 16 per cent and 14 per cent YoY increases, respectively, it added. Sectors such as FMCG (23 per cent) and oil and gas (13 per cent) also exhibited strong growth, said

Deloitte's Romal Shetty said that while AI could create more jobs but roles involving repetitive tasks are at risk. He also stressed that while regulations are crucial, it shouldn't stifle innovation

The overall job market showed a positive momentum as hiring activity in July rose by 11 per cent compared to the same month of last year, a report said on Wednesday. According to the Foundit Insights Tracker (fit), hiring activity was down 1 per cent on a month-on-month (MoM) basis. Coimbatore has emerged as the leader in job growth among India's Tier-II cities, with a 24 per cent increase in hiring, followed by Jaipur with a 23 per cent rise. Other cities showing strong growth include Delhi-NCR (18 per cent), Chennai (14 per cent), and Pune (12 per cent), the report added. "The strong focus of the recent Union Budget on productivity and job creation is an encouraging sign for the recruitment industry. "We have also noticed that the salaries of employees have consistently risen driven by higher demand for fresh talent and competitive salary offerings. This growth is likely fueled by high-growth sectors such as technology, digital marketing, and e-commerce," Foundit (previously Mon

Economic Survey 2024 LIVE news: The Economic Survey stated that short-term inflation outlook benign, but India faces persistent deficit in pulses