Hiring dips three per cent month-over-month: foundit

According to talent platform foundit's Insights Tracker, hiring in India decreased by 3% in August 2023 compared to the previous month. E-recruitment activities also fell by 5% compared to August 2022. The decline in hiring can be attributed to inflation and slow growth in major economies like the USA. However, India's economy remains resilient and is expected to become the third largest in the world by 2029.