Hiring activity in India is likely to increase soon as demand rises in the wake of higher economic activity in the country. Hiring sentiments among top firms have also been boosted as India prepares to begin its first phase of mass vaccination against Covid-19 from January 16.
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Top companies like the Tata Group, Reliance and a bunch of other companies are planning to increase hiring activities in coming months, reported The Business Standard newspaper. However, the report added that most of these hirings are likely to be junior or entry-level jobs.
The Tata Consultancy Group has already hired over 15,000 people in the December quarter and other companies like Reliance and ITC are also not far behind. TCS’s Chief Financial Officer V Ramakrishnan has told the newspaper that hiring in the third quarter of FY21 was the highest ever in a quarter.
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Hiring activity for Tata Group is likely to increase as it has recently secured the bid to construct the Central Vista project. Meanwhile, Infosys is also expected to hire more freshers this year from campuses.
Mukesh Ambani’s Reliance has also started hiring more people for its Reliance Retail and Jio ventures as the conglomerate plans to expand its footprint in India’s technology and retail space.
Higher hiring activity could be witnessed in a number of sectors like IT, auto and retail on the back of positive third-quarter results.
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While top companies are likely to keep hiring more junior and entry-level jobs, an increase in mid-senior and senior-level hirings may not rise before the situation improves further.
But for small and medium-sized companies, the hiring outlook still remains hazy as they are still struggling to cope with the economic situation.
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