Well talking from the Indian perspective things seem jolly good for us.
Bloomberg predicts that India has 0% chances of India going into a recession and reports by Willis Towers Watsonu2019s Salary Budget Planning suggest that the Indian working folks will get a hike of 10% in 2022-23, this is the highest number in the Asia Pacific, China, Hong Kong, and Singapore are behind India. According to Willis report, 58% of the companies are budgeting to hike their salaries, and not only that, about 42% of the companies are expecting to have higher revenue,So instead of thinking about if your jobs are in danger, you might wanna start wondering how much your salary hike will get in the coming months.Thereu2019s even word on the street that despite the frequent layoffs, the hiring will continue at a relatively moderate pace, BUT, mind this! These strong and positive numbers for hiring are being reported only for a few sectors. Information Technology (IT), engineering, sales, technically skilled traders, and the finance sector are of some sort after sectors for recruitment for the coming 12 months.Beating The Optimism Looking at all the stats India seems to be pretty sought after in terms of growth and avoiding risk but it needs to be kept in mind that we live in a connected world and if one gets affected, others will get affected too to some extent. India as a country will keep growing but you also need to grow along cautiously.
