INDIA'S JOB MARKET COOLS IN JULY, BUT TECH ROLES POWER AHEAD

Formal employment slows, pay transparency dips, but high-skill demand drives resilience

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Indias job market experienced a noticeable cooling in July, with job postings on global hiring platform Indeed dropping by 5.8% month-on-month and 14.9% year-on-year. Despite this decline, the market remains significantly stronger than pre-pandemic levels, with postings still 70% higher than in early 2020. This suggests that while the hiring pace has moderated, the foundation of formal employment remains resilient.

According to the latest report from the Indeed Hiring Lab, the current slowdown follows a peak in January 2023. Since then, job postings have declined by 21%, reflecting a cyclical adjustment in the labor market. However, the data also reveals a deeper transformation: a shift toward high-skilled, formal roles, particularly in the technology sector.

Tech Roles Defy the Downturn