Key takeaways from our pan-India jobs survey: Outlook for short term (three months) remains stable; shift of outlook from stable to positive for 1 year
28% job consultants turned on positive outlook for the short term; significantly up from nil earlier
Besides IT, all sectors expect an improvement in hiring. This is expected to support demand for residential real estate
A stabilizing job market in the near term and a robust outlook beyond that, are expected to keep real estate market buoyant
Overall observations
— 69% respondents believe the number of unemployed has increased over the past 1 year
— 57% respondents believe the number of unemployed has been stable over the past 3 months
— 72% respondents believe the pace of recruitment has decreased in the past 1 year
— There are mixed views over recruitment over the past 3 months
— 71% respondents expect hiring to stabilize over the next 3 months
— 53% respondents expect the situation to improve over the next 1 year
Edelweiss Asset Management Limited
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