India’s job market is showing signs of resurgence, driven by expected growth in key sectors like manufacturing, BFSI (banking, financial services, and insurance), automotive, retail, and travel and tourism. The overall hiring is projected to increase by 8.3% in 2024, with Bengaluru anticipating an 11% surge
Source:- BBC news
However, this optimism is tempered by some scepticism. Despite the projected growth, the job market experienced a slowdown in 2023, with a 5% decrease in hiring compared to the previous year. Additionally, there is an ongoing challenge for businesses to find the right talent, reflecting a mismatch between job openings and available hires.
Source:- India today
Emerging technologies are expected to drive demand for specific skills in AI, machine learning, data science, and cybersecurity, despite initial delays in IT hiring. The e-commerce sector continues to expand, creating diverse job opportunities from traditional roles like warehousing to new roles such as e-commerce consultants and social media managers
Overall, while there is optimism about job market recovery and sectoral growth, businesses and job seekers alike must navigate the uncertainties and evolving demands of the market.
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