India Inc. is cruising slow but steadily as the global slowdown has dampened the hiring prospects, causing it's outlook to hit lowest ever.According to a survey only 19 per cent of the employers are showing positive recruitment plans. There seems to be a considerable decrease of 24 per cent points quarter-on-quarter and 27 per cent year-on-year.
Employers in India report the second strongest hiring intentions globally, next to Peru. The situation is unclear;the amount of damage done to the world economy is uncertain and the clear picture can come up only in next 5-6 months time.
East India has the strongest hiring plans with a net employment outlook of 20 per cent followed by the South India at 19 per cent. However, the weakest hiring plans are surfacing in West and North India at 18 per cent only.
Analysis shows that mining, construction and manufacturing sectors can expect the most active hiring environment. While Wholesale and Retail sector can get the worst hit with a net employment outlook of 11 per cent.
Though global slowdown has affected world's economy the positive sign is that India and China are surviving it relatively well with the latter being limited to -1 per cent to the expected growth rate.
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