Report claims that about 7.1 percent of workforce growth is anticipated for the October–March FY25 period, with 59 percent of companies planning to expand their manpower, driven by the manufacturing, logistics, and e-commerce sectors.

Titled the 'Employment Outlook Report for October 2024 to March 2025' by TeamLease Services, the report states that an additional 22 percent are expected to retain their existing manpower.

Going by primary and secondary research, about 1,307 employers from 20 locations and 23 industries participated by sharing their inputs for the report.

The fetched results indicate a dynamic recruiting environment with macroeconomic variables and industry-specific demands appearing to be greatly influencing employment patterns.

Industries were noted to be making significant investments in infrastructure and technical improvements, such as logistics, EV and EV infrastructure, agriculture and agrochemicals, and e-commerce, will be the primary drivers of this expansion.

Among them, the logistics industry worked uniquely by having a 14.2 percent net employment change, as 69 percent of businesses are on the hunt for more individuals to join their endeavor.

In terms of the sector's adoption of 5G logistics, green supply chain projects, and the advantages of implementing the National Logistics Policy are believed to be the main factors for this increase.

The report showed that logistics is followed by EV and EV Infrastructure (12.1 percent), agriculture and agrochemicals (10.5 percent), and e-commerce and tech startups (8.9 percent). These startups are leveraging Web 3.0 applications, AI-enabled customer insights, and seasonal demand from the holiday season.

In accordance with the research, places such as Coimbatore (24.6 percent) and Gurugram (22.6 percent) are developing as employment hotspots, signifying a decentralization of work prospects outside of conventional metro areas.

Demand in cities like Coimbatore, Gurugram, Jaipur, Lucknow, and Nagpur indicates a wider spread of job growth across India, which furthers the appeal of smaller cities as viable alternatives for both companies and job seekers, the report added, even though Bangalore (53.1 percent), Mumbai (50.2 percent), and Hyderabad (48.2 percent) remained central employment anchors with high workforce demand.