Summary:

According to the ManpowerGroup Employment Outlook Survey for Q4 2024, India leads globally with a 37% Net Employment Outlook (NEO), as 37% of firms plan to expand their workforces. This represents a 7% increase from the third quarter, reflecting optimism about India's economic prospects. Strong exports, infrastructure development, and demographic advantages contribute to India's enhanced global competitiveness. Costa Rica and the United States follow with 36% and 34% NEO, respectively.

The study finds strong hiring intentions across all sectors, with financial and real estate leading at 47%, followed by IT (46%), industrials (36%), and consumer goods (35%). Communication services have the lowest outlook at 28%. Northern India has the highest regional hiring rate (41%), followed by the West (39%). India's focus on domestic consumption, government initiatives, and skill development supports economic growth. Across Asia-Pacific, India, Singapore, and China have a positive outlook, while Hong Kong remains cautious. The survey sampled 40,340 employers from 42 countries.

Source: IBEF 

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