New Year bonanza: Jobs market eyes 8.75 lakh hiring in formal sector

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The is expected to bring good news for job seekers with the country’s organised sector set to generate about 8.75 lakh new jobs, though the average salary hike is likely to be in single digit, say experts.

The hiring outlook for India got a significant blow post- and segments like real estate, construction, infrastructure and high-end automobiles are expected to be impacted in the longer term, experts said but will eventually benefit by creating more “formal” jobs.

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