India’s job market is prone to see a big cooling off within the January-March quarter, as firms undertake a cautious strategy to hiring within the upcoming months, a survey of three,000-plus employers has revealed.

About 48% of Indian employers lined within the newest ManpowerGroup Employment Outlook Survey, shared completely with ET, mentioned they may rent extra individuals within the March quarter, 16% count on a lower in hiring intent and 34% anticipated to maintain workforce ranges regular. Only 2% have been uncertain about hiring intentions.

This places web employment outlook-the distinction between firms seeking to rent and people anticipating a fall in headcount or hiring numbers-at 32%, weakening by 22 proportion factors in comparison with the final quarter and 17 proportion factors in comparison with the corresponding interval a 12 months in the past.

“Employers are cautious due to the impending recession and deepening global slowdown, which also created a stir in the IT sector during the previous quarter,” mentioned Sandeep Gulati, managing director, ManpowerGroup India.

“India may be impacted in the short term, but the market is expected to see a balanced approach with growth in the tech sector and startups,” added Gulati. Despite the pullback, India nonetheless fares a lot better than most different nations. Hiring markets in India are ranked second within the APME (Asia-Pacific Middle-East) area, alongside Australia, and after Singapore whereas exhibits a web employment outlook of 33%.

Digital roles proceed to drive most demand globally. IT and expertise and finance and actual property sectors have the strongest hiring intentions with a web employment outlook of 39% every, adopted by client items and companies (37%). Industries and supplies and power & utilities have outlooks of 33% adopted by healthcare and life sciences with 32%.

Transport, logistics and automotive point out the bottom hiring intent with 22%.