{"id":"f-91677779fp1-e0f4377c-5d3b-5965-926f-375758ce32ac","title":"India's Hiring Surge: Dec's 15% Rise & Economic Outlook","description":"December witnessed a notable 15% increase in hiring across India, signaling positive economic momentum. This growth, alongside other financial insights, underscores the nation's focus on MSMEs and the anticipated doubling of UPI users. These developments contribute to a broader picture of India's growth trajectory.","timestamp":1768372502,"category":"national_v_two","headline":"India's Hiring Surge: Dec's 15% Rise & Economic Outlook","modifiedHeadline":"India Job Market Booms with 15% Hiring Rise","subCategories":["scid_2c0dc4ac"],"region":"IN","bundleMetaData":{"bundleId":"7b48871c-c993-4956-b43d-6f46f8e1b036","bundleTitle":"Today In India","cardData":null},"iabCategoryId":"89","fcSummary":"India's job market saw a 15% surge in December, signaling economic expansion. MSMEs are vital for growth by 2047, requiring support for finance and tech. UPI's user base is projected to double, boosting digital transactions. The financial sector shows varied performances, with fluctuations in profits.","summary":"India's job market soars! December sees a 15% hiring surge, fueling economic optimism. MSMEs & UPI growth signal a bright future.","ctaUrl":"https://trends.glance.com/newz/Daily_Digest/IN/en/feedpost-specials/f-91677779fp1-e0f4377c-5d3b-5965-926f-375758ce32ac","sourceUrl":"https://trends.glance.com/newz/Daily_Digest/IN/en/feedpost-specials/f-91677779fp1-e0f4377c-5d3b-5965-926f-375758ce32ac","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/Nv-LRo-QngV0.webp","content":"

\n In December, India's job market experienced a significant surge, with hiring activities rising by 15%. This report delves into this encouraging trend, analyzing its implications alongside other critical financial and economic developments. We'll explore the factors driving this growth and their impact on India's future.\n

Hiring Trends Analysis

The data indicates a considerable surge in hiring across India during December, marking a 15% increase. This positive shift is a key indicator of economic

\n \n

expansion and increased business confidence. Several factors likely contributed to this rise, including seasonal hiring for year-end activities, expanding business operations, and the overall positive sentiment in the Indian market. The specific sectors experiencing the highest growth will provide more detailed insights into the areas driving employment generation, but the general upward trend suggests a robust economy. Analyzing the types of roles being filled and the geographic distribution of this hiring activity will offer further understanding of where the growth is most concentrated and what industries are leading the charge.

\n\n

MSMEs: Growth Catalyst

MSMEs (Micro, Small, and Medium Enterprises) are regarded as vital contributors to India's economic growth, particularly as the nation aims for significant development by 2047. These businesses create employment opportunities, foster innovation, and fuel economic diversification. Policies aimed at supporting MSMEs, such as easier access to finance, streamlined regulatory processes, and technological adoption programs, are crucial. Additionally, initiatives that promote their integration into global value chains can help these enterprises expand their reach and contribute more significantly to the economy. Further investment in MSME infrastructure, including modernizing operations and providing necessary skills training, will be vital to accelerate their growth and strengthen India's economic foundation.

\n\n

UPI User Base

The Reserve Bank of India (RBI) projects that the Unified Payments Interface (UPI) user base will double, reaching 1 billion. This growth indicates the increasing adoption of digital payment methods across the country. UPI's ease of use, accessibility, and security features have made it a popular choice for both consumers and businesses. This expansion in the user base will likely result in increased transaction volumes, fueling economic activity and driving financial inclusion. With more individuals and businesses using UPI, it can further streamline digital transactions. The widespread use of UPI also supports the government's Digital India initiative, encouraging a shift towards a cashless society and greater transparency in financial dealings.

\n\n

Financial Sector Insights

The financial sector exhibits significant activity, including reports of a 9% drop in ICICI Lombard's Q3 profit, reaching Rs 659 Cr, while ICICI Prudential saw a 19% rise in Q3 profit to Rs 390 Cr. Bank of Maharashtra also reported positive financial results, with a 27% increase in Q3 profit. These fluctuations highlight the varying performances within the banking and insurance sectors. Simultaneously, mutual fund SIP inflows experienced a surge, totaling Rs 3.34 lakh crore in 2025, which reflects growing investor confidence. Simultaneously, the Rupee declined against the US dollar due to various market factors, impacting the financial landscape. Furthermore, the PFRDA panel is exploring assured NPS payouts, suggesting potential changes to retirement benefits schemes. These developments reveal the sector's dynamism and complexity, affecting various elements of the economy.

\n\n

Economic Indicators Update

The Composite Economic Advisor (CEA) has presented their perspectives on economic growth and financial inclusion. Simultaneously, the Ministry of Statistics and Programme Implementation (MOSPI) has proposed a chain-based IIP (Index of Industrial Production) compilation method, which could lead to better economic tracking. Meanwhile, the import of vegetable oil rose by 8% in December, as reported by the SEA (Solvent Extractors' Association), potentially affecting prices and supply chains. Additionally, India's imports of Russian fossil fuels have decreased. These indicators offer insights into the health and direction of India's economy, informing government policies and business strategies.

\n\n

Other Economic Activities

Multiple additional economic activities are taking place. The government is focusing on streamlining grievance resolution and claims within the insurance sector. Kisna Diamond plans to hire 1200 employees in FY26, highlighting growth in the diamond sector. Moreover, GMR has started an airside reefer truck at Hyderabad Airport. In a related development, the Delhi Airport is subject to airspace restrictions for Republic Day celebrations. These initiatives contribute to India's varied economic activity, from infrastructure to workforce expansion, supporting several sectors.

\n","readDurationInMinutes":"8","author":{"name":"Feedpost Specials","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/d7fdd6b5-4bee-4287-ab8a-8958c18b6f7c.jpeg"},"ism":false,"analyticsResponses":[],"pointerSummary":["India's job market surged by 15% in December, signaling economic expansion.","UPI user base expected to double to 1 billion, boosting digital payments and inclusion.","Mixed results in the financial sector with key firms reporting fluctuating profits."],"tags":["IndiaHiring","JobMarket","EconomicGrowth","MSMEs","UPI","DigitalPayments","RBI","FinancialSector","ICICILombard","ICICIPrudential","BankOfMaharashtra","SIPInflows","Rupee","USDollar","PFRDA","NPS","CEA","MOSPI","IIP","VegetableOilImports","SEA","RussianFossilFuels","InsuranceSector","KisnaDiamond","GMR","HyderabadAirport","DelhiAirport","RepublicDay","EconomicOutlook","India2047","DigitalIndia"],"consent":true,"redirectionEnabled":false}

India's Hiring Surge: Dec's 15% Rise & Economic Outlook

SUMMARY