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India's workforce is projected to expand 4.7 per cent in the first half of FY27, driven largely by growth in e-commerce, tech startups, healthcare, pharma and manufacturing, a report said Wednesday. This improving sentiment is most visible among large enterprises, where 74 per cent indicate expansion, compared to 57 per cent of mid-sized firms and 38 per cent of small businesses, pointing to a scale-driven recovery in employment growth, TeamLease Services projects in its Employment Outlook Report (EOR) for April-September FY27 noted that the momentum carries across sectors, with both digital and core economy industries contributing to the demand. E-commerce and tech startups led with a net employment change (NEC) of 8.9 per cent, healthcare, and pharmaceuticals at 7 per cent, followed by manufacturing, engineering and infrastructure at 6.6 per cent, said the report. It projected an NEC of 4.7 per cent during the period. The report is based on insights from 1,268 employers across 2
The Tamil Nadu Industrial Development Corporation (TIDCO) will invest Rs 25 crore in Chennai-based Agnikul Cosmos under the TIDCO Startup Investment Policy 2025. Established in 1965, TIDCO is a premier industrial development agency of the Tamil Nadu government, and undertakes joint ventures and facilitates big industrial and infrastructure projects in the state. The latest investment would help accelerate Agnikul's operational readiness, supporting the scaling of its aerospace manufacturing capabilities, advancing its stage recovery program, and strengthening the development of its integrated space campus on the 300 acres allocated by the Tamil Nadu government near Kulasekharapatnam. In a statement, Moin SPM, co-founder and COO of the company, said, "This investment from the state government is a strong motivation for all of us to build and give back to the local community." Agnikul is currently scaling its first orbital launch with Agnibaan, a small satellite launch vehicle capabl