New Delhi: India Leads Asia Pacific in Q3 2024 Employment Outlook, Reports ManpowerGroup
India has shown the strongest employment outlook in Asia Pacific at over 30% for the third quarter of 2024, according to a report released on Tuesday by global workforce solutions company ManpowerGroup. The survey, which gathered data from 3,150 employers, highlighted North India with the highest hiring intentions at over 36%.
Key sectors driving employment include financial services, real estate, healthcare, and life sciences, with real estate witnessing significant investor interest and a capital inflow of $1.1 billion, primarily in the residential sector, noted Sandeep Gulati, Managing Director for India and the Middle East at ManpowerGroup.
The report further revealed that large organizations (1,000 to 4,999 employees) expressed the strongest optimism in hiring with a Net Employment Outlook of 42%, followed by small (50 to 249) and medium (250 to 999) organizations at 34%, and large enterprises at 30%.
Additionally, the adoption of artificial intelligence (AI), including generative conversational AI, is prevalent among 62% of employers, with 80% of senior leadership anticipating positive impacts on business, contrasting with 68% of frontline and factory workers. Nearly 68% of employers plan to increase headcount due to AI and machine learning implementations over the next two years.
