Private sector hiring to remain lesser till March 2018
Posted on: 21/Nov/2017 4:12:12 PM
Until March next year, it is likely that private sector hiring will be lesser in India. The corporate sector in the country is avid about wage cost control now, say recent reports.
At least in the next quarter and a half, the corporate companies shall focus towards improving their margin and bring down their debts.
This being the scenario, there is very meager possibility of fresh hiring in the next two quarters. In the next financial year, things may change. For a short period of time, the wage cost control will continue to be the point of focus.
The report ads that most churning is with the telecom and IT, and PSU banks. These will reduce the operation ratio, and hiring may also come down.
During last month, the central government approved bank recapitalization plan of Rs 2.11 lakh for cleaning the lenders’ books and revive investment.
