Global Recession: India is different from the possibility of a global recession, there is a possibility of strong growth in employment

Posted on 24th Nov 2022 03:27 pm by rohit kumar

Ajit Isaac, founder and non-executive chairman of business services provider Quess Corp, has said that India has been largely insulated from the rest of the world's outlook for recession. The current recruitment trends indicate that the country is likely to witness a strong employment growth rate in the next few years. He said that India is doing better amid fears of a worldwide recession. In such a situation, the risk of recession is less here. We will continue to see the development of India.

 

 

Even if India's growth rate is less than eight percent, growth will continue. We had seen very good growth in employment in the country between the years 2000 and 2007. The country's GDP, which was $470 billion in the year 2000, increased to $1.4 trillion in the year 2007. We can achieve this feat once again if the growth trends we are seeing continue. Isaac was speaking during an event in Bengaluru.

 

 

Quess Corp acquired the APAC and ME businesses of Monster Worldwide in 2018 as a strategic investment aimed at strengthening its HR services portfolio. The company is operating in India, Singapore, Malaysia, the Philippines, Hong Kong, Vietnam, Thailand, Indonesia, United Arab Emirates, and Saudi Arabia.

 

Also Read: Recession: Rajiv Kumar said - there is no possibility of a recession in the country, and the economy will grow at the rate of six-seven percent in 2023-24

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