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FMCG freshers hiring rises 32%: Report
The Business Guardian
|November 25, 2024
The food processing industry, which is expected to double its size by 2025-26, will drive the hiring in the FMCG (Fast-Moving Consumer Goods) sector, as the second half of 2024 witnessed a sharp rise in the hiring intent for freshers, rising to 32 per cent, according to a report by TeamLease EdTech.
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The intent for freshers hiring in the first half of 2024 stood at 27 per cent, as per the report.
This increase is propelled by a deeper market penetration into rural and semi-urban markets on the back of rapid growth of India's food processing industry, projected to double from USD 263 billion in 2019-20 to USD 535 billion by 2025-26, with a CAGR of 12.6 per cent.
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