India's manufacturing sector growth climbed to a five-month high in February amid a sharper uptick in factory production and sales, supported by both domestic and external demand, a monthly survey said on Friday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) rose from 56.5 in January to 56.9 in February, pointing to the strongest improvement in the health of the sector since September 2023. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction.
The countries with positive employment outlook included India, Mexico and Turkey, as also the Gulf Cooperation Council region.
While most analysts are expecting poor results from oil marketing companies (OMCs) in the first quarter of 2024-25 (Q1FY25) and even in the first half (H1) of FY25, GAIL (India) could be an outlier. Upstream producers, Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) could do well due to strong crude and gas prices, but refiners are likely to see weak margins and the impact of frozen prices during the election period will also be negative.
Indian employers reported the strongest hiring plans while the weakest Asia Pacific forecast was reported in mainland China.
India's services sector growth quickened in June from May's five-month low, amid a stronger rise in new orders and an unprecedented expansion in international sales, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services Business Activity Index rose from 60.2 in May to 60.5 in June, pointing to a sharp expansion in output. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
The Manpower Employment Outlook Survey released on Tuesday also said that hiring activities are picking up in some sectors on the hopes of 'business sentiment turning positive in anticipation of a stable government coming to the helm'.
Opportunities for job seekers are expected to grow even better in 2015 with employers in India being most optimistic on hiring, says a report.
Industry body CII on Thursday made a case for pushing reforms in sectors like land, labour, and agriculture by the Modi 3.0 government to accelerate economic growth, which is estimated to be around 8 per cent in the current financial year. CII president Sanjiv Puri said a lot of policy interventions in the past have put the economy on "a much stronger wicket". "The growth rate is poised to touch 8 per cent during the current year, marking the fourth consecutive year of above 7 per cent + growth.
Quant funds are a unique offering in the MF space as the investment decisions are driven by a blend of active and passive strategies.
With the exception of infra, IT & ITes - the employment outlook seems flat across sectors.
Global slowdown has dampened hiring prospects of India Inc, causing its outlook to hit the lowest ebb, with only 19 per cent employers having positive recruitment plans in the next three months, according to global staffing services firm Manpower.
'In the second half of 2024, about 60% of startup jobs will be taken by entry-level candidates with 0-3 years of experience.'
According to the Manpower Employment Outlook Survey, about 27 per cent of Indian employers said they would expand the workforce in the April-June quarter, primarily driven by ITeS and IT sectors where employer hiring intentions appears to be improving.
The latest Manpower Employment Outlook Survey says the Indian job market will remain vibrant in the third quarter of 2007.
'If their allocation to certain segments have become high due to strong returns over the past three-four years, they should rebalance their portfolios and bring them in line with their long-term asset allocation.'
According to Business Roundtable's first quarter 2010 Economic Outlook Survey, CEOs of leading US firms anticipate increase in capital expenditure, sales and employment in the next six months.
There has been no change in Tata Steel's strategy on operations in the United Kingdom (UK), company chairman N Chandrasekaran has told shareholders. The statement comes amid growing concern about the restructuring plan in the face of change in government in the UK. Tata Steel's plan for the UK entailed a 1.25 billion investment plan agreed upon by the Conservative party-led government in September last year.
Indian employers are more upbeat about hiring during the October-December quarter of FY2012 than they were in the third quarter a year ago, says a survey by MyHiringClub.com.
The report suggests a two percentage point increase in net employment from 82 per cent in April-June 2007 to 84 per cent in the current quarter.
The services sector growth in India fell to a one-year low in November on softer expansions in new work intakes and output, despite receding price pressures, a monthly survey said on Tuesday. The seasonally adjusted S&P Global India Services Business Activity Index fell from 58.4 in October to a one-year low of 56.9 in November. Despite witnessing a month-on-month decline, the rate of expansion was stronger than its long-run average.
'We are confident that over the next few years the government will strike a fine balance between populist measures and growth, and manage coalition partners well.'
In several countries, the average hours worked per year has fallen by more than 20.
India's manufacturing sector growth fell to 18-month low in December amid softer increase in factory orders and output, despite minimal inflation, a monthly survey said on Wednesday. The HSBC India Manufacturing PMI survey, conducted by S&P Global, showed that there were softer, albeit sharp, increase in factory orders and output, while business confidence towards the year-ahead outlook strengthened. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 56 in November to an 18-month low of 54.9 in December.
More people working in India's technology industry have lost their jobs in the first six months of 2023 than in the corresponding period in 2022.
Structural reforms, pro-people programmes and employment opportunities helped the economy get new vigour, the finance minister said. After contracting by 5.8 per cent in 2020-21, the economy recorded a growth of 9.1 per cent in 2021-22.
The next three months are likely to offer solid opportunities for job seekers as 39 per cent of Indian employers are expected to increase their headcount, says a survey.
With rapid adoption of emerging technologies, the Information Technology and Business Process Management (IT-BPM) industry is expected to generate about 3 lakh jobs this fiscal year, according to a report. The IT-BPM workforce is on the trajectory to grow 7 per cent in FY23, with the overall headcount increasing from 5.1 million to 5.45 million (close to 3 lakh jobs being created), the report by TeamLease Digital, the specialised staffing division of TeamLease Services said. The 'Digital Employment Outlook Report for H1-2023' highlighted that the demand for digital skills will grow 8.4 per cent by the end of this fiscal year.
Hiring prospects in the hospitality sector look bright as a large number of employers are expected to increase their workforce considerably in the coming months, global staffing services firm Manpower says.
India is among the few countries in the world where the employers are optimistic of making new recruitments during this financial year's second quarter while the United States plans to tone down its hiring activity, a survey shows.
The pace of hiring is likely to slow across the world and there will be significant decline in employment outlook in countries like India, Singapore and Taiwan in the coming three months, according to a global staffing services firm Manpower.
According to the survey conducted by HeadHonchos.com, a job search and career portal, 84.1 per cent employers expect new job creations this year.
India continues to report the highest labour hiring expectations globally since the third quarter of 2008, according to a new survey. In the third quarter (July-September) of 2009, job seekers around the globe can expect more of the same sluggish hiring pace seen during the first half of the year. But, in countries like India, a greater percentage of employers are saying they will hold on to the staff they have, according to the global Manpower Employment Outlook Survey.
Employers in India are planning to hire at a robust pace in the next three months and public administration, education and services sectors are expected to see strong recruitment trends, says a survey.
'Banks make money because they take the right credit calls. So they need to focus on risk mitigation rather than risk avoidance.'
According to the report, on the MNC R&D ecosystem titled 'attrition, hiring and salary increase 2013' India currently hosts 1,031 MNC R&D centers, growing at around 4 per cent year or year, with an overall employment base of 2,44,000 growing at about 11 per cent year on year.
Majority of privately held businesses in India are optimistic about their hiring plans this year, but prospects of staff benefits like pay hikes are not so bullish, a study said.
A manpower consultancy firm said, the employment prospects in India for the forthcoming Oct-Dec quarter are the strongest since mid-2005
According to the study, the corporate space would witness a gradual but sure advent of aggressive hiring in the first quarter of FY 2010-11.
'Investors should focus on largecap funds, flexicap funds, business cycle funds, or hybrid-category funds.'
June indicates a change in trend from previous quarters in terms of how much companies are spending on employees. The worst hit sectors included steel, air transport service and automobile firms.
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