Summary:

Indian firms are aiming to expand employment by 20-30% as funding recovers following layoffs. A 14% YoY increase in funding to US$ 10.9 billion (Rs. 92,563 crore) in FY24 is projected to stimulate hiring. Layoffs fell by 46% YoY to 8,895 in FY24, signaling growth. Key industries such as retail, e-commerce, fintech, FMCG, automotive, travel, and hospitality will see the most hiring, while BFSI, telecom, healthcare, pharma, and energy may experience slower growth in FY25.

The "funding winter" caused a hiring slowdown, halting investments for 12-18 months. Investment volumes decreased from US$ 36 billion (Rs. 3,05,712 crore) in FY21 to US$ 9.6 billion (Rs. 81,523 crore) in FY23. Startups are increasingly focusing on team reorganization and long-term growth. A Series A capital round of US$ 10 million (Rs. 85 crore) typically supports the hiring of 25 IT specialists. The current hiring demand is at 20,000 positions, much lower than previous peaks. Salary expectations are rising by 5-7%.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.