While sectors like finance, insurance and real estate have started feeling the pinch of the global slowdown, most other sectors in India show no signs of fatigue, according to Manpower Employment Outlook Survey released on Tuesday. In fact, in mining and construction sectors show brighter prospects of hiring in the coming quarter vis-a-vis the last .
Commenting on slowdown reflecting itself in select sectors, Naresh Malhan, managing director, Manpower India said, “Despite the positive outlook reported by employers, some industry sectors seem to be experiencing the first signs of a global slowdown. Employers in both the services sector and finance, insurance and real estate sector are less optimistic than they were in the third quarter, with outlooks declining by 11 and 23 percentage points.”
Malhan added employers in the mining and construction industry are reporting their fifth consecutive quarter of booming hiring projections. This is largely due to crystallisation and the first level implementation of various PPP projects. The least optimistic hiring intentions are demonstrated by public administration and education employers.
A regional analysis of hiring intentions show that employers in across states anticipate positive hiring activity over the next three months . Globally, India figures among the countries that show the most favorable fourth-quarter hiring plans.