Job sentiment improving shows employment index

MUMBAI: The ZyFin Research's Employment Sentiment Index stood at 57.3 in July'15 as compared to 56.3 during Jun'15 reporting 9% (y-o-y) rise. The Index is at an all-time high voicing expectations of renewed hiring, better compensation prospects and improved job security. The augmentation of the index exhibits assurance in Government initiatives towards improving the ease of doing business in India, impetus to manufacturing through incentivizing the Make in India program, the Digital India campaign, labour market reforms and cooperative federalism.

Giving his views on the ZyFin Employment Sentiment Index numbers for the month of July, Debopam Chaudhuri, Chief Economist, ZyFin Research, said, "Positive employment sentiment is a testimony to India's demographic dividend led by a young population. It is necessary to leverage this positivity with a sharp focus on skill development and expanding job opportunities, before it starts to wane off."

The ZyFin Research's Employment Sentiment Index reflects consumers' perception of the prevailing and expected employment situation in India.