According to the annual American Express/CFO survey of senior financial executives of global companies, about 85 percent of companies in India are hiring or planning to hire new employees.
A quote from survey says, ” In general, respondents in India are more likely than their peers in other countries to say they expect their companies will begin hiring relatively soon — by third quarter of 2010.”
In this survey which was conducted in April, around 479 senior executives from across North America, Asia, Europe and Australia representing companies with revenues ranging from $500 million to $20 billion participated.
In India, which is the the world’s second-fastest growing major economy, nearly three-fourth of respondents observed that companies are raising capital expenditure this year with 89 percent have plans to increase business travel expenses.
Many Asian countries including India, Hing Kong and Singapore are optimistic about post recession phase and see prospects of good economic growth.In India, as we have already reported from time to time job opening of the majority of IT companies. The jobs are back not only in IT sector but companies from other sectors are also on a hiring spree.