Archive · 28 Nov 2025
India's Formal Job Growth Slows 20% in October
In October 2023, India saw a slowdown in formal job creation, with job postings down nearly 20% compared to the same period last year.
Most sectors experienced a decline, especially banking, finance, legal, retail, and loading and stocking.
However, some sectors like cleaning, community services, dental, nursing, and food preparation saw growth.
Additionally, there was an increase in remote work opportunities, with 9.1% of job postings offering work-from-home options.
This trend reflects changes in employer strategies to attract candidates and the ongoing shift towards more formal work arrangements in India.
Formal job postings in India declined by nearly 20% year-on-year and 5.6% month-on-month in October 2023.
Most sectors saw a decline, with banking and finance, legal, retail, and loading and stocking experiencing the largest drops.
Certain sectors like cleaning, community services, dental, nursing, and food preparation saw an increase in job postings.
Remote work opportunities rose, with 9.1% of job postings offering work-from-home options, up from 1.5% last year.
The shift towards remote work and formal job arrangements reflects changing employer strategies and workforce transitions.
- Who
- Indian workforce and employers
- What
- Slowdown in formal job creation and rise in remote work opportunities
- When
- October 2023
- Where
- India
- Why
- Shifting employer attitudes and strategies to attract candidates, along with a gradual transition towards formal work arrangements
- Overall Job Postings Decline
- 19.8% year-on-year, 5.6% month-on-month
- Top Declining Sectors
- Banking and finance (-25.6%), legal (-22.4%), retail (-16.7%), loading and stocking (-15%)
- Growing Sectors
- Cleaning and sanitation (+20%), community and social services (+17.4%), dental (+13.1%), nursing (+11.2%), food preparation and service (+10.3%)
- Remote Work Postings
- 9.1% of total postings, up 7.6 percentage points from last year
- Top Remote Work Sectors
- IT infrastructure, operations and support (18.2%), community and social services (15.1%), industrial engineering (14%)
