The survey was conducted over 4,732 employers. According to it, hiring intentions in India continue to be optimistic, with a net employment outlook of 42 per cent. This represents a fall of 1 per cent since the last quarter and an increase of 2 percentage year-on-year.
The net employment outlook of 50 per cent in real estate, finance, and insurance was the highest this quarter. Hiring intentions in these sectors reported an increase of 10 per cent since the last quarter and an increase of 7 per cent year-on-year.
Employers in the mining and construction sector reported the largest decrease of 10 per cent in hiring intentions. The net employment outlook stood at 39 per cent.
The poorest outlook was observed in the transport and utilities sector. Employers in this sector anticipated a moderate quarter-on-quarter decrease of 8 percentage points in hiring intentions, bringing the net employment outlook to +29 per cent.
A decrease of 3 percentage points in anticipated hiring activity was also revealed year-on-year.
The other sectors surveyed included manufacturing (net employment outlook of 41 per cent), services (45 per cent), public administration and education (42 per cent) and wholesale trade and retail trade (41 per cent).
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