The upcoming general elections are set to play a key role in the job market, with HR experts pinning their hopes on a stable government to help create over two million new jobs and boost hiring activities by 30-40 per cent this year. As per estimates of various human resource consultants and executive search firms, India Inc need to hire 12-14 lakh new workers in 2014 to meet their existing business needs. Across various sectors, companies in India are estimated to have created over 10 lakh new jobs last year, but weak economic trends also resulted in large-scale layoffs and considerably cut into net job market addition during 2013.

Read the Economic Times news report here.