Depressed sentiment notwithstanding, the auto sector continued to shake the old way of thinking. A never-seen-before scenario in terms of insatiable demand has been witnessed. An increasing number of players entered the market and have announced plans to set up manufacturing base in India.
“This is likely to set off a chain reaction. Besides, popular names like Maruti, Tata and Hyundai hiring their ancillary units are likely to step up the demand and higher recruitment is forecasted. Engineering and construction have also been showing very positive signs in terms of consumption and the customer sentiment. A consolidation in the cement sector, a huge order book by companies like L&T, an increasing interest in mining, large scale construction and pressure of completion of the pending projects is likely to see a substantial jump in this segment,” says Mr Bansal.
“This is likely to set off a chain reaction. Besides, popular names like Maruti, Tata and Hyundai hiring their ancillary units are likely to step up the demand and higher recruitment is forecasted. Engineering and construction have also been showing very positive signs in terms of consumption and the customer sentiment. A consolidation in the cement sector, a huge order book by companies like L&T, an increasing interest in mining, large scale construction and pressure of completion of the pending projects is likely to see a substantial jump in this segment,” says Mr Bansal.
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