Blitz Bureau
NEW DELHI: Even as global hiring witnesses a slowdown, India’s formal job market is witnessing a strong resurgence, driven by growing demand across diverse sectors, a new report said on June 13.
Indian job postings jumped 8.9 per cent in May, making a strong comeback after a brief pause, according to data compiled by global job platform Indeed.
The growth highlights the resilience and momentum of India’s job market, which remains nearly 80 per cent above pre-pandemic levels — one of the highest among major economies.
India’s job growth is being powered by its shift towards a more structured and formal economy. “As the nation transitions, job creation across the formal sector continues to outpace overall employment growth. This consistent upward trend puts India ahead of many other global economies,” said Callam Pickering, Indeed’s APAC Senior Economist.
The report found that job postings have increased in nearly 80 per cent of occupations over the past three months.
Sectors such as childcare (up 27 per cent), personal care and home health (25 per cent), education (24 per cent), and production & manufacturing (22 per cent) saw the most notable gains — reflecting rising demand in both social and industrial services.
The software development sector continues to dominate India’s formal hiring space, accounting for nearly one in every five job postings on Indeed.
Another highlight of the report was the surge in demand for talent skilled in generative AI.
