Govt, PSUs, Defence sector witness 14% raise in hiring

New Delhi: The Government, PSU (Public Sector Undertakings), and Defence industries experienced a 14 per cent upsurge in hiring on a month-over-month (MoM) basis in the country, showing the maximum increase in job postings, a new report revealed on Tuesday.

According to the talent management platform foundit (formerly Monster jobs), government policies and initiatives such as ‘Make In India’, Atmanirbhar Bharat Rojgar Yojana (ABRY), etc, have been in support of generating employment and have substantially helped in reducing the unemployment rate in India. However, in November 2023, the report noted a 10 per cent (year-on-year) decrease in hiring compared to the prior year’s activity.