Optimistic FY24 jobs forecast: Positive growth in manufacturing, energy, textile sectors

By Sakshi Giri
TeamLease Services, India's leading staffing conglomerate revolutionizing employment, employability, and ease of doing business, has unveiled its highly anticipated 'TeamLease's Employment Outlook Report' for the second half of the fiscal year 2024 (October 2023 to March 2024).

The report spotlights hiring trends in key sectors, showcasing the dynamic landscape for India's employment stakeholders.

Key Findings

The report reveals compelling data on the percentage of employers interested in incremental workforce expansion, new hiring, and replacement hiring across vital sectors:
Manufacturing, Engineering & Infrastructure:
Incremental Workforce Expansion: 74%
Incremental New Hiring: 69%
Incremental Replacement Hiring: 63%
Power and Energy:
Incremental Workforce Expansion: 77%
Incremental New Hiring: 73%
Incremental Replacement Hiring: 88%
Textiles:
Incremental Workforce Expansion: 69%
Incremental New Hiring: 65%
Incremental Replacement Hiring: 73%

City-wise Employment Trends

Manufacturing, Engineering & Infrastructure:
Chennai leads in incremental workforce expansion with 15.5%, followed by Bangalore and Coimbatore with 12.1%.
Textiles:
Hyderabad secures the top position in incremental workforce expansion with 22.2%, followed by Chennai and Ahmedabad with 16.7% and 16.6%, respectively.
Power and Energy:
Kolkata emerges as the epicenter for incremental workforce expansion at 12.5%, followed by Chennai and Mumbai with 10%.
Incremental New Hiring:
Chennai tops the charts in manufacturing, engineering, and infrastructure with 16.6%, followed by Bangalore and Coimbatore with 11.1%.
Ahmedabad leads in textile hiring with 23.5%, followed by Chennai and Hyderabad with 17.6% each.
Kolkata leads in power and energy with 13.2%, followed by Mumbai with 10.5%.
Incremental Replacement Hiring:
Chennai takes the lead with 14.3% in manufacturing, engineering, and infrastructure, followed by Hyderabad and Kochi with 10.2%.
Hyderabad and Ahmedabad lead in textile hiring with 21.1% and 21.0%, respectively.
Kolkata and Coimbatore emerge as epicenters for power and energy with 10.9%.
TeamLease Services continues its mission to revolutionize employment, empower businesses, and enhance the ease of doing business in India. This report stands as a testament to the company's commitment to providing valuable insights for strategic decision-making.
Subburathinam P, Chief Strategy Officer - Staffing, TeamLease Services: “It's encouraging to see substantial growth in incremental workforce expansion across these sectors, showcasing promising opportunities for employment stakeholders. The data underscores significant developments in cities like Chennai, Hyderabad, and Kolkata, highlighting the evolving job market dynamics."

Comments

From plagiarism to proxy exams: Galgotias and systemic failure in education

By Sandeep Pandey* Shock is being expressed at Galgotias University being found presenting a Chinese-made robotic dog and a South Korean-made soccer-playing drone as its own creations at the recently held India AI Impact Summit 2026, a global event in New Delhi. Earlier, a UGC-listed journal had published a paper from the university titled “Corona Virus Killed by Sound Vibrations Produced by Thali or Ghanti: A Potential Hypothesis,” which became the subject of widespread ridicule. Following the robotic dog controversy coming to light, the university has withdrawn the paper. These incidents are symptoms of deeper problems afflicting the Indian education system in general. Galgotias merely bit off more than it could chew.

Farewell to Saleem Samad: A life devoted to fearless journalism

By Nava Thakuria* Heartbreaking news arrived from Dhaka as the vibrant city lost one of its most active and committed citizens with the passing of journalist, author and progressive Bangladeshi national Saleem Samad. A gentleman who always had issues to discuss with anyone, anywhere and at any time, he passed away on 22 February 2026 while undergoing cancer treatment at Dhaka Medical College Hospital. He was 74.

From ancient wisdom to modern nationhood: The Indian story

By Syed Osman Sher South of the Himalayas lies a triangular stretch of land, spreading about 2,000 miles in each direction—a world of rare magic. It has fired the imagination of wanderers, settlers, raiders, traders, conquerors, and colonizers. They entered this country bringing with them new ethnicities, cultures, customs, religions, and languages.

Sergei Vasilyevich Gerasimov, the artist who survived Stalin's cultural purges

By Harsh Thakor* Sergei Vasilyevich Gerasimov (September 14, 1885 – April 20, 1964) was a Soviet artist, professor, academician, and teacher. His work was posthumously awarded the Lenin Prize, the highest artistic honour of the USSR. His paintings traced the development of socialist realism in the visual arts while retaining qualities drawn from impressionism. Gerasimov reconciled a lyrical approach to nature with the demands of Soviet socialist ideology.

The 'glass cliff' at Galgotias: How a university’s AI crisis became a gendered blame game

By Mohd. Ziyaullah Khan* “She was not aware of the technical origins of the product and in her enthusiasm of being on camera, gave factually incorrect information.” These were the words used in the official press release by Galgotias University following the controversy at the AI Impact Summit in Delhi. The statement came across as defensive, petty, and deeply insensitive.

Public money, private profits: Crop insurance scheme as goldmine for corporates

By Vikas Meshram The farmer in India is not merely a food provider; he is the soul of the nation. For centuries, enduring natural calamities and bearing debt generation after generation while remaining loyal to the soil, this community now finds itself trapped in a different kind of crisis. In February 2016, the Modi government launched the Pradhan Mantri Fasal Bima Yojana (PMFBY) with the stated objective of freeing farmers from the shackles of debt. It was an ambitious attempt to provide a strong safety net to cultivators repeatedly devastated by excessive rainfall, drought, and hailstorms.

Development at what cost? The budget's blind spot for the environment

By Raj Kumar Sinha* The historical ills in the relationship between capital and the environment have now manifested in areas commonly referred to as the "environmental crisis." This includes global warming, the destruction of the ozone layer, the devastation of tropical forests, mass mortality of fish, species extinction, loss of biodiversity, poison seeping into the atmosphere and food, desertification, shrinking water supplies, lack of clean water, and radioactive pollution.

Conversion laws and national identity: A Jesuit response response to the Hindutva narrative

By Rajiv Shah A recent book, " Luminous Footprints: The Christian Impact on India ", authored by two Jesuit scholars, Dr. Lancy Lobo and Dr. Denzil Fernandes , seeks to counter the current dominant narrative on Indian Christians , which equates evangelisation with conversion, and education, health and the social services provided by Christians as meant to lure -- even force -- vulnerable sections into Christianity.

Thali, COVID and academic credibility: All about the 2020 'pseudoscientific' Galgotias paper

By Jag Jivan* The first page image of the paper "Corona Virus Killed by Sound Vibrations Produced by Thali or Ghanti: A Potential Hypothesis" published in the Journal of Molecular Pharmaceuticals and Regulatory Affairs , Vol. 2, Issue 2 (2020), has gone viral on social media in the wake of the controversy surrounding a Chinese robot presented by the Galgotias University as its original product at the just-concluded AI summit in Delhi . The resurfacing of the 2020 publication, authored by Dharmendra Kumar , Galgotias University, has reignited debate over academic standards and scientific credibility.

Search This Blog