From banks to automakers, hiring slowing across most sectors: Care Ratings

India's jobs scene -- with unemployment at a 45-year high -- is looking gloomy with hiring activity slowing across most sectors. 

Banks, insurers, auto makers and logistics and infrastructure companies are among those hiring at a slower pace, according to the study by Care Ratings Ltd that relied on annual reports for the year ended March from nearly 1,000 companies. The services sector, which accounts for a bulk of the economy, was the lone sweet spot that displayed robust jobs growth, the study by the credit assessor showed. 

The sluggish pace of hiring lends itself to a vicious cycle in