White-collar hiring rises amid positive indicators

Data showed that for the first time in five months, the IT sector collective-the largest employment segment comprising tech services, products, global in-house centres of multinationals in India, as well as startups-posted a 32% m-o-m rise in open positions. However, despite the recovery in the active demand in IT, the sector closed 40% lower than the same period last year as companies remain cautious amid global headwinds.