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India
- Recruitment landscape
- Economic indicators
- Labor market
- Working life
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India
India, with a GDP of $3.5 trillion and ranking 5th globally, has a stable working population within a large population of ~1.37 billion. Key industries include IT, pharmaceuticals, and FMCG. With an unemployment rate of 4.2%, India's labor market is robust, supported by a growing number of recruitment agencies. However, significant gender participation gaps exist.
India'S
AGENCY LANDSCAPE
18K
Agencies operating in India
A high number of agencies indicates a mature recruitment industry, marked by strong talent demand, established labor laws and economic stability.
12-17%
Typical fee range
Countries with higher fees imply finding talent is harder to find whilst lower fees indicate a high-volume, commoditized market.
India'S
FEATURED AGENCIES
SystemBender Private Limited
Vidhwan Inc- ( DBA-E-Solutions )
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India'S
GROSS DOMESTIC PRODUCT (GDP) RATING
5
WORLD RANKED
India ranks 5th in the world by current economic output
$3.5T
NOMINAL GDP (US$)
GDP reflects the overall size and economic strength of the country’s economy.
3
APAC RANKED
India is the 3rd biggest GDP in APAC out of 41 countries in the region
GDP GROWTH (%)
The above chart compares how India's GDP has grown, compared to the rest of the world and the APAC region in the last 7 years.
Positive growth indicates an expanding economy, while negative growth or recession signifies economic contraction. Strong growth can encourage hiring, but slower growth might lead to freezes or layoffs, influencing talent sourcing as businesses adapt to changing market conditions and demands.
India'S
CURRENCY AND CODE
Rs
Country currency
IND
Country ISO code
India'S
INFLATION RATE
4.6%
CURRENT RATE
▼0.8% REDUCTION
Inflation represents the rate at which prices rise and purchasing power diminishes. High inflation may prompt employees to seek higher wages, potentially impacting company profitability. This situation could lead to budget constraints or hiring freezes, which might influence talent availability and sourcing strategies.
India'S
COST OF LIVING
COST OF LIVING INDEX EXPLAINED
The cost of living has a direct impact on salary expectations and the competitiveness of compensation packages. It can influence the appeal of certain locations-while high-cost areas may attract highly skilled professionals looking for higher salaries, lower-cost areas can appeal to companies looking to minimize salary expenses or candidates seeking a better work-life balance.
India'S
LABOUR STATISTICS
1.4B
POPULATION
With a population of 1,371,360,400, India is a large sized country by global standards. India's youth population is close to the world average, suggesting a consistent influx of new workers, but may not see any significant growth. The working population in India is close to the world average, suggesting a stable labor market that can adequately meet the economy's demands. India's elderly population is close to the world average, suggesting a manageable dependency ratio, where the working-age population can effectively support the elderly.
India'S
RELIGION
Religion
In religiously diverse countries, a broad sourcing and engagement approach whilst appealing to inclusive practices resonates with this candidate market. In contrast, in a homogeneous religious environment, understanding dominant cultural norms is often more important when engaging with talent.
India'S
UNEMPLOYMENT RATE
4.2%
CURRENT PERCENTAGE
▼0.65% REDUCTION
India's unemployment rate is healthy, indicating a well functioning labor market with good job opportunities for most people. Between 2022 and 2023, there was a moderate decrease, suggesting a positive shift toward better economic stability and improvement in job availability
India'S
TOP PERFORMING COMPANIES AND INDUSTRIES
Top performing companies
Tata Consultancy Services
Infosys
Coal India
Top industries
Information technology
Pharmaceutical
Fast-moving consumer goods (fmcg)
India'S
GENDER DEMOGRAPHICS
RATIO OF MALES TO FEMALES (BY AGE)
LABOUR PARTICIPATION BY GENDER (%)
77
/
33
Male | Female
In India there is a large gap in participation rates between males and females, indicating significant structural or cultural barriers preventing more equal gender parity.
India'S
WORKING LIFE
17DAYS
Minimum annual holidays
Minimum annual holidays reflect mandated leave. Hiring in countries with high allowances (over 25 days) will require emphasizing work-life balance when recruiting. In countries with fewer holidays (under 15 days), offering additional leave can enhance recruitment and set the organization apart.
40HRS
Average working full time week
Standard work hours are 8 per day, 40 per week, Monday to Friday. Overtime pay is not statutory for private sector but mandatory for factory workers, often compensated by pro-rate PTO or extra pay at regular salary rate.
India'S
TOP BENEFITS
26WEEKS
Maternity leave
Maternity leave: 26 weeks paid, 100% salary, extendable unpaid. Paternity/parental leave not mandated in India.
12DAYS
Sick leave
Employees accrue 1 day of paid sick leave per month, up to 12 days per year, paid at 100% of average salary, with employers covering the cost.
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