Titan plans to add 3,000 employees across divisions including engineering, design, luxury, digital, data analytics, marketing and sales, as it eyes to become a Rs 1,00,000 crore business in the next 5 years. "We believe that alongside growing our own people it also helps to bring in experts from various fields, young and experienced. This will accelerate our growth and innovation, strengthening our position in the industry," Titan Company Head HR- Corporate and Retail, Priya Mathilakath Pillai said in a statement.
Recent industry discourse has centered on the temporary suspension of fresher hiring in the past few quarters. The strategic decision to delay or avoid hiring freshers is a response to diminished business demand.
There could be several reasons for this, notably the shifting priorities in the Indian labour market. In particular, the sample respondents might be changing. People in the lower strata are moving up, with their household addresses thereby changing. So, CMIE may be concentrating more on stable households, thereby on stable income, resulting in an average higher sample coverage of mostly people with stable income, and, hence, the bias.
Former Reserve Bank of India Governor Raghuram Rajan said India s economy needs to grow at over 8% to meet job demands for its vast population. While the current growth rate of 6%-6.5% is commendable, Rajan flagged the urgency of faster expansion to address the employment needs of the country s youth.
India Business News: Former Reserve Bank of India governor, Raghuram Rajan, has stated that India's economy needs to expand at a rate of over 8% in order to create enough