Real Estate among Sectors to Drive Q3 Job Market

Sectors expected to lead the job market in the third quarter (July-August-September 2020) of the current calendar year are mining & construction, finance, insurance and real estate, a survey of employers released on Tuesday said. Those showing weakest trend are manufacturing and services, said the employment outlook survey of 695 employers across India by ManpowerGroup, which added that these employers indicated cautious hiring plans for the coming three months. From a region perspective, North and South indicate a more positive hiring outlook compared to the West and East, it added. India features among the top four countries out of 44 that projected a positive hiring trend.  As per industry analysis, corporate India was rationalising its workforce in response to the economic slowdown. It is indeed a “wait and watch” game as organisations were gearing up for the post lockdown era where they anticipate an upsurge in demand.