India Workforce Growth Projected at 5.4% in H2 FY27, Driven by Tech and Retail

A report published on September 24 outlines projections for India's workforce, which is expected to grow 5.4 per cent in the second half of the fiscal year (October to March). This represents an increase from the 4.7 per cent growth recorded in the first half of the fiscal year. The growth is expected to be led by the e-commerce and tech startups, travel and hospitality, and retail sectors.

The projected growth reflects strengthening employer confidence, with 60 per cent of organizations planning to expand their workforce, 24 per cent expecting no change, and 16 per cent anticipating a reduction. Economic conditions were cited by 67 per cent of employers as the strongest factor shaping workforce size, followed by organizational dynamics at 43 per cent and technological advancements at 40 per cent.