No hiring for next 3 months - FICCI Survey


FICCI conducted a survey which gives a bleak picture of the job growth in manufacturing industry. The sector has shown negative approach towards hiring and this may be for good 3 months.

FICCI's quarterly survey data revealed that more than 73% manufacturers are averse to hiring for the next 3 months. However, this data is lower than the previously released data which showed 77% manufacturers averse to hiring.

The decreased pace of hiring will definitely put pressure on job market as more than 1.5 million people have lost jobs due to demonetization.

FICCI survey took response from 300 companies which have Rs. 3.5 Lakh crore from different sectors of the economy.

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