India has emerged as bright spot amid challenging global environment: CII survey
The Confederation of Indian Industry (CII) in its survey report has said that even though geopolitical fault lines have disrupted global supply chains and have posed serious challenges to global growth, India has emerged as a bright spot amid this challenging global backdrop. The sound economic policies initiated by the Government helped revive the economy with emphasis on public capex-led growth.
This pan-India survey is an ongoing initiative, which would be completed for 500 firms by the first week of February. The interim results are based on a sample of 300 firms spread across all industry sizes (Large, Medium and Small). The industry survey was conducted to assess the pickup in private-sector investments, employment in the private sector and growth in wages in the private sector.
Early results revealed that about 97 per cent of the sample firms are likely to increase employment in both 2024-25 and 2025-26. Besides, majority of the firms surveyed indicated that it takes anywhere between 1 to 6 months to fill in vacancies of Senior management, Management/ Supervisory level, while regular and contractual workers take less time to fill in a vacant position indicating the need to fill the availability of skilled staff at the higher level in sample firms.
