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Manufacturing will lead the way with an increase of 25% in hiring intent, underscoring a positive outlook for industrial expansion, while automotive industry will witness a 20% surge in hiring intent, reflective of the sector s anticipation of increased demand, according to the report.
The job market in India is expected to remain stagnant in the October-December quarter, with hiring intentions remaining stable compared to the previous quarter. Around 49% of employers surveyed said they planned to hire more people, while 12% expected a decrease in hiring.
The city is suffering a decline in terms of year-on-year comparison as well, with hiring intent up to 68% last year. However, Bengaluru companies still have the highest hiring intent for freshers in the country, followed by Mumbai at 61% and Chennai at 47%.
As per a recent TeamLease report, close to 64 per cent of employers in Q1, FY23, compared to 54 per cent in Q1, FY22, are keen to increase their resource pool across industries.