India offers strongest employment outlook in Asia Pacific in Q3: Report

by IANS |

New Delhi, June 11 (IANS) India has offered the strongest employment outlook in Asia Pacific (APAC) at over 30 per cent in the third quarter (Q3) of 2024, a new report showed on Tuesday.

According to the global workforce solutions company ManpowerGroup, the strongest hiring intentions continue in North India at over 36 per cent.

The survey, gathering data from 3,150 employers depicted the financial and real estate industries as forerunners in creating employment followed by healthcare and life sciences.

"The real estate sector has seen an increased investor interest with a capital inflow to the tune of $1.1 billion led by the residential sector," said ManpowerGroup’s India and Middle East Managing Director Sandeep Gulati.

Among the industry size, large organisations (1,000 to 4,999) indicated the strongest optimism in hiring with the Net Employment Outlook of 42 per cent followed by small (50 to 249) and medium (250 to 999) organisations (34 per cent) and large enterprise (30 per cent).

Moreover, the report showed that over 62 per cent of employers have adopted artificial intelligence (AI) including generative conversational AI with 80 per cent of the senior leadership team optimistic about the positive impact of AI on overall business as opposed to 68 per cent of frontline and factory workers.

Almost 68 per cent of employers plan to increase headcount due to the adoption of AI and Machine Learning over the next 2 years.

Latest News
Nirmala Sitharaman to make history with her 7th Budget, surpasses Morarji Desai Tue, Jul 23, 2024, 11:02 AM
President Murmu's customary 'dahi-cheeni for FM Nirmala Sitharaman Tue, Jul 23, 2024, 10:57 AM
Sensex trades flat ahead of Union Budget Tue, Jul 23, 2024, 10:34 AM
FM Nirmala Sitharaman set to present her 7th Budget, major reforms expected Tue, Jul 23, 2024, 10:01 AM
Over four lakh devotees perform ongoing Amarnath Yatra in 24 days Tue, Jul 23, 2024, 09:54 AM
Tech firm Kakao's founder arrested over alleged stock manipulation Tue, Jul 23, 2024, 09:46 AM
Tour de France winner Pogacar pulls out of Paris Olympics Tue, Jul 23, 2024, 09:28 AM
What BHU students expect from Budget 2024: Funding for research, hostel, job opportunities Mon, Jul 22, 2024, 05:01 PM
Mizoram's Aizawl to become 4th state capital in NE to have rail link by next year Mon, Jul 22, 2024, 04:55 PM
Don't share video circulated by terrorists: J&K Police warns public Mon, Jul 22, 2024, 04:52 PM
Major allocations likely for six guarantees in Telangana's full budget Mon, Jul 22, 2024, 04:50 PM
Root is so special that he could eventually overtake Sachin: Vaughan Mon, Jul 22, 2024, 04:48 PM
HM Amit Shah's verbal assault on Pawar-Thackeray evoke strong reactions from MVA, NCP Mon, Jul 22, 2024, 04:46 PM
Odisha Assembly session: Oppn stages walkout during Governor's address Mon, Jul 22, 2024, 04:44 PM
14 Palestinians killed in Israeli attacks in Khan Younis: Health authorities Mon, Jul 22, 2024, 04:43 PM