According to Business Outlook Survey by industry chamber CII, there is an expectation among a significant number of firms of improvement in employment opportunities in the fourth quarter of this fiscal despite the sluggish economy. The survey states that 23.5 per cent foresee an increase in their employment levels in the fourth quarter as compared to 11.7 per cent in the third-quarter. The report showed that in the third-quarter of 2012-13, majority of the respondent firms (58.3 per cent) kept their staff levels unchanged as opposed to 30.1 per cent, which saw a fall in their employment levels. The survey is based on responses from 175 members with 53 per cent of the respondents belonging to large-scale firms, 14.8 per cent from medium-scale firms and 25.2 per cent and 7 per cent from small-scale and micro firms respectively.

Source: The Economic Times