Business, employment to grow 4% & 5%, respectively, in next 6 months
Indian economy will enjoy a 4 per cent growth in business and a 5 per cent growth in employment in the next six months, according to a fresh report by composite staffing company TeamLease Services.
The recently released Business & Employment Outlook HY1 report says that most cities across the country will have a positive hiring outlook in the coming six months.
Businesses are hopeful of an improvement in the economy after the imminent general elections. They are optimistic that new government's fresh sector specific policies will boost the economy. Upbeat businesses are expecting business and employment to grow at faster rates during April to September period of the current year.
The study covered a total of 614 companies, and focused on growth potential for business and employment with relation to the location and the company profile; and found considerable growth in various segments.
Rituparna Chakraborty, Senior Vice President of TeamLease Services, said, "Good tidings are anticipated for the Indian economy and this is obviously going to reflect on job creation. The overall sentiments have significantly improved this time around."
Healthcare & Pharmaceutical companies are expected see growth of 5 per cent and 4 per cent in employment and business, respectively. Financial Services employment and business will likely grow 4 per cent and 5 per cent, respectively. Infrastructure business outlook will likely jump 4 per cent in the next six months.