73% manufacturers say no fresh hires for next three months: Ficci Survey

Optimism regarding rising production drops to less than 50%, showed the survey

India Inc remains averse to hiring in the near term as doubts over the revival of manufacturing sector continues to loom large, stated a recent survey conducted by the Federation of Indian Chambers of Commerce and Industry (Ficci).

Released on Monday, the quarterly survey on manufacturing showed that a staggering 73 per cent of respondents said they are unlikely to hire additional workforce over the next three months. This was mildly lower than the 77 per cent of respondents, showing a similar concern earlier.

Slow hiring may put more pressure on the market even as job losses continue to be