India Inc Eyes Poll Booster To Create 2 Million New Jobs

Experts believe that future hiring activities would get a major boost if verdict is for a stable government with minimum allies, as such an outcome would lead to an increase in investments and add to the economic growth momentum.

"A stable government with minimal allies shall definitely contribute towards a positive job landscape," said Rituparna Chakraborty, Senior VP & Co-Founder of leading HR consultancy firm, TeamLease Services.

Chakraborty, who is also President of Indian Staffing Federation, said that India needs to create jobs in excess of two million this year.

Echoing similar sentiments, leading executive search firm GlobalHunt's Managing Director Sunil Goel said that new job creation may witness 30-40 per cent growth if the polls results in a clear verdict.

"A full majority for any political party will bring the firmness and long-term good policy impact to grow the economy and create job opportunities in the market rather than just having the policy to get vote bank," Goel said.

Going by various employment index, the Indian job market is showing an improvement on a month-on-month basis since the start of this year.

The Monster.com Employment Index, a monthly gauge of the country's online job demand, is on an uptrend since October 2013.
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