According to the Manpower Employment Outlook Survey released on Tuesday, Indian employers anticipate a ‘vigorous’ hiring pace for the next three months with as many as 46 percent employers planning to increase their staff strength.

Globally, fourth quarter hiring confidence is strongest in India, Taiwan and New Zealand, while the weakest forecasts are in Spain, Italy, Ireland, the Czech Republic and Finland.

"India's employers expect the optimism of a stable government to have an encouraging impact on the job market. Employers are back in hiring mode and we're seeing evidence of their renewed optimism across all industry sectors and all regions," ManpowerGroup India Group Managing Director A G Rao said.

Various initiatives on reinforcing business efforts which the government is undertaking -- such as stabilising the rupee, granting permission for new projects and encouraging the use of automation and technology in the government sector -- are expected to boost the job market, the report said.

"Amidst speculations and apprehensions, job-seekers are hoping for burgeoning employment opportunities across sectors," Rao said.

A sector-wise analysis shows that the most optimistic hiring plans are reported by employers in the services sector and the mining and construction sector, where net employment outlooks stood at 49 percent and 47 percent, respectively, said the survey that covered 5,287 employers across India.

From a regional perspective, employers in the Southern and Western regions anticipate the most opportunities for job seekers in the months ahead, reporting net employment outlooks of 54 percent and 49 percent, respectively.

Highlighting the talent shortage that the country is facing, Rao said "a pronounced skills gap persists throughout India's labour market and the government is also focusing on skill development as a core factor while reviving the job market in India, development of vocational skills will be the key agenda."

From a global perspective, hiring plans are mostly positive, with employers in 36 of the 42 countries and territories expecting to add to their workforce in the October-December period.

Across Asia Pacific, payrolls are expected to increase in the next three months. Indian employers reported the strongest hiring plans while the weakest Asia Pacific forecast was reported in mainland China.

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