More companies less oppurtunities

New Delhi, March 15: Around 4000 employers across India indicates that the hiring activity is expected to remain steady, says ManpowerGroup Employment Outlook Survey released by ManpowerGroup here on Tuesday.

In-depth into matter, employers in only three other countries report more optimistic second-quarter hiring plans than those in India.

However, India's Net Employment Outlook has now dipped by varying margins for five consecutive quarters, and opportunities for job seekers are expected to be considerably weaker than they were a year ago, at this time.

AG Rao, Group Managing Director of ManpowerGroup India said, "The hiring outlook will move at a slow but steady pace as the Indian companies gauge the impact of the ongoing global slowdown compounded by automation in the IT sector and talent scarcity for niche skills".

However, there will be great demand for high- skill jobs for the new positions created by automation.

The government is putting efforts towards creating jobs and making India a manufacturing hub. Budget 2017 is further expected to favor more foreign investments in India and initiatives like ‘Make in India’ should drive global companies to set-up manufacturing facilities in India, he added.