Financial Daily from THE HINDU group of publications
Thursday, May 18, 2006
Financial Daily from THE HINDU group of publications Thursday, May 18, 2006 |
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Corporate
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Outlook Industry & Economy - Economy `Corporates upbeat on economic scenario' Our Bureau
New Delhi , May 17 A majority of the 439 respondents representing the corporate sector felt that the current overall economic conditions as well as industry-level economic scenario are "moderately to substantially'' better compared to the last six months, according to a survey carried out by the Federation of Indian Chambers of Commerce and Industry (FICCI). The Business Confidence Survey for the fourth quarter of 2005-06 also finds that a similar majority expect "moderately to substantially better'' economic conditions on the same fronts in the coming six months.
Employment
With a significant 42 per cent of the participating companies reporting `higher to much higher' employment in the next six months, the demand for talent is going to continue to rise in the market, according to the survey. Interestingly, while companies from the services sector have been at the forefront when it comes to recruitment, the results of the present survey show that a large number of manufacturing companies are also drawing up plans to add to their employee strength,according to the survey. The respondents represented industries such as pharmaceuticals, textiles, telecom, food and beverages, heavy equipment and machinery, financial services and paper among others. The survey is based on responses from the heavy industry sector (48 per cent), light industry (35 per cent) and services (17 per cent).
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