India is expected to witness a marginal 7 per cent rise in job creation in the October-March period of this financial year, as subdued economic conditions have dampened employment outlook, a report said on Monday. According to TeamLease's bi-annual Employment Outlook Report for HY2 2019, economic reforms lifted the spirits for seven of the 19 sectors surveyed, while nine sectors reported a decrease in their outlook for October-March period of this fiscal. India will witness a 7.12 per cent increase in job creation in the current half year (October-March, 2019-20), it said. Positive hiring outlook was reported in sectors like healthcare & pharmaceuticals, information technology, e-commerce and tech start-ups, educational services, KPO, power and energy, and logistics. The sectors that are expected to witness decrease in hiring include manufacturing, engineering and infrastructure, construction and real estate, financial services, retail, BPO/ITeS, telecommunications, travel and ...
The PMI report said the cooling of manufacturing sector conditions continued in October, with both factory orders and production rising at the weakest rates.
In 2018-19, the highest job creation was recorded in January 2019 at 8.31 lakh against the provisional estimate of 8.94 lakh released last month
The study showed that employment generation in the formal sector increased by 48 per cent to touch a 15-month high of 7.32 lakh in November 2018
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That is the number for job creation that India needs to achieve
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