Hunting for jobs? India Inc FY18 hiring slowest in 3 yrs, more pain ahead

Slowdown in industrial, infrastructure sectors and low volume growth in IT led to only 1.9% YoY rise in hiring

A slower-than-expected economic recovery has hit fresh hiring by corporate India.

The employee count of India Inc was up just 1.9 per cent year-on-year in 2017-18, growing at the slowest pace in at least three years. 

In comparison, the headcount was up 3.5 per cent year-on-year in the previous year and 4.6 per cent in 2015-16 (see chart below).

At the end of March 2018, around 3.5 million people were employed by India's top 171 listed companies that are part of the BSE 200 Index. The sample includes only companies whose headcount is available for the last six years.

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