Job Creation in India May Get a Boost in the Second Half of 2019: Report

TeamLease’s report, based on a survey of 744 entities of India and 76 employers worldwide. hints at a shift of gears for the slowing Indian economy. Sectors like e-commerce, tech start-ups, pharma, healthcare, logistics, power and energy, educational services, etc. may contribute towards a 7.12% increase in job offerings.

Crux of the Matter

1. Employment outlook has been stagnant in the first half of this fiscal. However, as per TeamLease’s survey, 7 of the 19 sectors surveyed are showing signs of recovery and are expected to create jobs in India in the second half.

2. Educational services and logistics services are expected to create a massive 14.36% more jobs in the second half.

3. However, manufacturing, financial services, infrastructure, real estate, hospitality, retail, agriculture, FMCG, et al. may still be caught up in the slowdown.

4. Tier-I cities like Delhi, Mumbai, Bengaluru, Kolkata, etc. are expected to show job creation in the second half of the fiscal as compared to tier-II cities like Ahmedabad, Indore, Kochi, Coimbatore, etc., which had shown positive signs of job in April – Sept 2019-20.

5. The buoyant tepid market across the globe may have been an influence on the Indian market. Europe saw the sharpest decline in the employment outlook. Africa and America also followed the trail.

Curiopedia

Unemployment, according to the Organisation for Economic Co-operation and Development (OECD), is when persons above a specified age (usually above 15)are not in paid employment or self-employment and are currently available for work during the reference period. Unemployment is measured by the unemployment rate as the number of persons who are unemployed as a percentage of the labour force. Unemployment and the status of the economy can be influenced by a country through for example fiscal policy. Furthermore, the monetary authority of a country like the central bank could influence the availability and cost for money through its monetary policy. More Info

Curated Coverage

1. Live Mint – India to witness 7% rise in job creation in Oct-Mar: Report

2. Business Today – Slowdown blues to limit rise in job creation at 7% in October-March: report

3. Business Insider – India is expected to witness 7% surge in job creation — Healthcare, IT and ecommerce to hire over the next six months

#Economy #IndianEconomy #Unemployment