Retail, FMCG to add 2.76 lakh new jobs in April-September FY20
5 years, 6 months ago

Retail, FMCG to add 2.76 lakh new jobs in April-September FY20

Live Mint  

Mumbai: Retail and fast moving consumer goods and durables sector together is likely to add 2.76 lakh new jobs in the first six months of the current financial year following the entry of foreign retail giants, the report said. According to TeamLease Services biannual 'Employment Outlook' report for the April-September 2019-20, the retail sector will witness a 2% increase in net employment outlook, resulting in the addition of 1.66 lakh new jobs while will see a 1% growth adding 1.10 lakh new jobs. With 27,560 new jobs Delhi will top the list in retail followed by Bengaluru with at 22,770 new jobs, it said. While Delhi and Bengaluru were the top job creators in retail, Mumbai with 14,770 new jobs and Delhi with 10,800 new jobs will be the leaders for, it said.

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History of this topic

Consumer goods companies go full throttle on rural hiring
1 week, 4 days ago

Consumer goods companies go full throttle on rural hiring

Live Mint  

New Delhi: India’s consumer goods companies are on a hiring spree to cater to the emerging clout of the rural buyer, who has been the sector’s saving grace this year amid rising material costs, shrinking margins, and increasing competition. Mumbai-based Godrej Consumer Products, for instance, has increased hiring in rural areas alongside introducing smaller and more affordable packs across key …

Private sector profit grew 4x in last 4 years, but salaries stagnant: Report
4 weeks ago

Private sector profit grew 4x in last 4 years, but salaries stagnant: Report

Hindustan Times  

The government has raised concerns over the country's slowing economic growth, which dropped to 5.4 percent in July-September, citing the gap between corporate profits, which have grown four-fold over the past four years and the stagnation of employee wages. The report shows that from 2019 to 2023, annual wage growth across six sectors ranged from 0.8 percent in engineering, manufacturing, …

India Inc Hiring Jumps 38%; Travel, Hospitality Post Highest Growth In Jobs; Know Details
2 years, 8 months ago

India Inc Hiring Jumps 38%; Travel, Hospitality Post Highest Growth In Jobs; Know Details

News 18  

Hiring by domestic companies in April has jumped 38 per cent year-on-year and it was positive for both metro and non-metro cities, according to a report by Naukri.com. “According to the Naukri JobSpeak April 2022 Index, hiring activity in India recorded 38 per cent y-o-y growth and the Index stood at 2,863 at the beginning of the new financial year,” …

Job Hiring at All-Time High in India; IT-ITes Lead the Growth: Naukri.com Report
3 years, 5 months ago

Job Hiring at All-Time High in India; IT-ITes Lead the Growth: Naukri.com Report

News 18  

It has come to light that the hiring activity across India touched an all-time high in the month of July. The Naukri report said, “This demonstrates that enterprises are actively leading their recovery efforts and driving growth with digital transformation at the center.” Almost all sectors across the economy saw positive growth in July and thereby contributed to the 11 …

FMCG firms to stay in the slow lane this year
4 years, 5 months ago

FMCG firms to stay in the slow lane this year

Live Mint  

Market researcher Nielsen now projects India’s packaged consumer goods sales to shrink or remain little changed from last year, slashing its rather optimistic 5-6% growth estimate made on 30 April on hopes that the sector would better withstand the fallout from the coronavirus pandemic. “Despite increased household consumption, even in the dairy sector, overall growth would remain flat for the …

Manufacturing, infra sector to add 58,200 jobs in April-September FY20
5 years, 6 months ago

Manufacturing, infra sector to add 58,200 jobs in April-September FY20

Live Mint  

Mumbai: The manufacturing, engineering and infrastructure sector is likely to add 58,200 new jobs in the April-September of this financial year, a report published on Monday said. According to TeamLease Services biannual 'Employment Outlook' report for April-September FY20, these industries will witness a 2% increase in net employment. With the electronic manufacturing ecosystem is expected to reach investments worth ₹26 …

To create jobs, an industrial policy focused on labour-intensive industries is key
5 years, 7 months ago

To create jobs, an industrial policy focused on labour-intensive industries is key

Hindustan Times  

Manufacturing contributed in 2017 only about 16% to India’s GDP, stagnating since economic reforms began in 1991. Manufacturing contributed in 2017 only about 16% to India’s GDP, stagnating since economic reforms began in 1991 This is the opposite of what was achieved in Japan, Korea, Taiwan and China. By contrast, in India the labour intensive manufacturing sectors like food processing, …

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