India's Hiring Grows 4.7% But Becomes Sharply Selective: TeamLease Report

• India's Net Employment Change (NEC) rose to 4.7%, the highest in the last three half-years, indicating continued expansion.
• Hiring is shifting from broad-based growth to selective, capability-led roles, focusing on productivity and digital skills.
• E-commerce, tech startups (8.9% NEC), healthcare (7.0%), and manufacturing (6.6%) lead sectoral hiring.
• Bengaluru (67.9%), Hyderabad (57.8%), and Pune (56.1%) show highest hiring intent, driven by GCC expansion.
• Labor codes are increasing employment costs for 64% of employers, leading to revised salary structures and moderated wage growth.