Consumer, retail companies to drive jobs in FY '23-'24 Q4: Report

India's employment outlook between October 2023 and March 2024 shows workforce expansion and increased hiring in various industries, according to an employment outlook report released by staffing conglomerate TeamLease. The report, based on data collected from 1820 companies across 14 cities, highlights the resurgence of consumer and retail companies in Q4 and cautious moves from banks and NBFCs due to increased regulatory pressure. The surge in workforce expansion is attributed to government policies and initiatives promoting entrepreneurship. High workforce expansion is projected in the healthcare, pharmaceuticals, and electric vehicles and infrastructure sectors.

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