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India ‘Very optimistic' on employment prospects

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Abhigna
New Update

BANGALORE, INDIA: Despite the recession that has hit the world in recent years, India seems to have come out relatively unscathed and is still seen as a good market for employment.

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The latest MasterCard Index of Consumer Confidence found that respondents in India are relatively more optimistic about employment prospects in the next six months making it one of the top three countries in the Asia Pacific market.

It scored 80.6, behind only to Indonesia and Myanmar which scored 86.3 and 96.8 respectively. India's position has been stable from the previous round of the survey.

IT hub Bangalore scored the highest with a complete 100, followed by Chennai with 99.1. Mumbai scored the lowest with 50.6, while Delhi's score was 83.4.

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Those below 30 years were more optimistic as compared to those above it, with scores of 83.8 and 79.2 respectively. Additionally, women were slightly more optimistic with a score of 80.8, whereas men scored 80.4.

The Employment Prospects sub Index is taken from one of the 5 components of the MasterCard Worldwide Index of Consumer Confidence. Survey participants were asked "Do you expect the employment situation in your country to be better, remain the same or worse over the next 6 months?" Their responses were converted into 0 - 100 optimism range and transformed into the sub-index.

The MasterCard Worldwide Index of Consumer Confidence is based on a survey conducted between April 2013 and May 2013 on 12,205 respondents aged 18 - 64 in 27 countries. This is the 41st survey of Consumer Confidence conducted since 1993.

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