Hiring activity in India is likely to increase soon as demand rises in the wake of higher economic activity in the country. Hiring sentiments among top firms have also been boosted as India prepares to begin its first phase of mass vaccination against Covid-19 from January 16.
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Top companies like the Tata Group, Reliance and a bunch of other companies are planning to increase hiring activities in coming months, reported The Business Standard newspaper. However, the report added that most of these hirings are likely to be junior or entry-level jobs.
The Tata Consultancy Group has already hired over 15,000 people in the December quarter and other companies like Reliance and ITC are also not far behind. TCS’s Chief Financial Officer V Ramakrishnan has told the newspaper that hiring in the third quarter of FY21 was the highest ever in a quarter.
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Hiring activity for Tata Group is likely to increase as it has recently secured the bid to construct the Central Vista project. Meanwhile, Infosys is also expected to hire more freshers this year from campuses.
Mukesh Ambani’s Reliance has also started hiring more people for its Reliance Retail and Jio ventures as the conglomerate plans to expand its footprint in India’s technology and retail space.
Higher hiring activity could be witnessed in a number of sectors like IT, auto and retail on the back of positive third-quarter results.
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While top companies are likely to keep hiring more junior and entry-level jobs, an increase in mid-senior and senior-level hirings may not rise before the situation improves further.
But for small and medium-sized companies, the hiring outlook still remains hazy as they are still struggling to cope with the economic situation.
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Scheme G of NPS invests in government bonds and related securities. It is a low-risk investment option. Double-digit returns in the past one year has been luring naive investors to invest in such schemes

HDFC Pension Fund gave 21.77% returns in Tier I Account, in the last one year, followed by ICICI Prudential Pension Fund (20.50%), Aditya Birla Sun Life (20.90%).
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National Pension System (NPS) schemes show stellar performance as the equity and debt schemes by all the pension fund managers gave double-digit returns in the last one year. Both Tier-I and Tier-II accounts have shown mesmerizing returns. As the stock markets soared to new highs, the Scheme E of NPS delivered as high as 22% returns in the last one year, in line with the benchmark returns.
HDFC Pension Fund gave 21.77% returns in Tier I Account, in the last one year, followed by ICICI Prudential Pension Fund (20.50%), Aditya Birla Sun Life (20.90%). LIC Pension Fund generated the lowest return of 17.96% in the Scheme G of Tier I NPS Account.
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When it comes to investment, National Pension Scheme is slowly becoming a popular choice for Indians because of its impressive returns. In fact, Tier-II account of NPS outperformed most fixed-income investments in the recent past. With 11.89% returns, nearly 12%, in the last one year, Scheme G of NPS Tier II has outperformed liquid debt mutual funds and savings bank fixed deposits by a wide margin.
To compare, while liquid funds on an average have delivered around 5% in the last one year, savings bank fixed deposits returns have also come down steeply to around 5%. NPS has outperformed without any doubt. In the last three years, NPS Tier II account has given an annualised return of 9.53% and in the last five years, average returns stood at 10.20%.
As per NPS Trust data, debt schemes of NPS have delivered double-digit returns in the past one year while the returns from most other fixed-income investments remained muted. As per the data shared by NPS Trust, Scheme G has been topping the charts with an average return of 12% in the last year.
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NPS Scheme Preference:
For the uninitiated, in NPS there is Scheme Preference which is the Pension fund schemes option chosen by the subscriber for investing the pension contribution amount. At present, there is only one default scheme for Tier I. The contribution of all the Subscribers is invested in this default scheme.
In the default scheme, the contribution is allocated to three PFMs, viz. SBI Pension Funds Private Limited, UTI Retirement Solutions Limited and LIC Pension Fund Limited in a predefined proportion and each of the PFMs will invest the funds in the proportion of 85% in fixed income instruments and 15% in equity and equity-related instruments.
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However, for Tier II, the subscriber has been given the flexibility to choose anyone out of the available Pension Fund Managers(PFMs) and also the percentage in which the selected PFM will invest the funds. The three asset classes are:
E = Equity
C = Corporate bonds and
G = Government Securities
NPS Scheme G Returns:
Scheme G of NPS invests in government bonds and related securities. It is a low-risk investment option. Double-digit returns in the past one year has been luring naive investors to invest in such schemes without understanding the rationale. TO understand how NPS delivered superior returns, one needs to know that bond yields and prices of the bonds have an indirect relationship. When yields move down, prices of existing debt schemes go up leading to these securities becoming more favourable due to higher interest rates.
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This means that the NAV of the debt scheme goes up when the yields of securities go down and vice versa. This explains the double-digit returns in the Scheme G of NPS in the last one year. As per the data shared, the benchmark 10-year G-Sec yields have gone down from 6.70% to 5.94% which favoured the government scheme portfolio of NPS and so Scheme G of NPS delivered an average return of 12% in the last one year.
Should you expect similar returns in future?
While it is a fact that NPS has offered stellar returns in the past 12 months or so, one must remember that NPS is a market-linked product which means that the returns in NPS schemes will be volatile. Depending upon the situation, the returns could be lower or even higher than those offered currently. However, like any other long term investment, short term volatility should never be the main focus for investors.
When it comes to long-term investments, experts always advise to focus on the goal and to not get carried away by the short-term volatility. It is advised time and again that investors should not blindly move from equity to debt instruments by merely by looking at the superior returns at a certain point. Before making any decision, understand the product well. Don’t invest in NPS solely for returns. The aim of your investment should be to save for your retirement for the long term.
Meanwhile, after seeing a good response from investors with regards to NPS, the central government is reportedly planning to launch another guaranteed return product by the end of this fiscal year. “The regulator will formulate a product this financial year and give it to the board. Maybe in the next six months, you may see that a product is ready, but launch my take time,” PFRDA chief Supratim Bandyopadhyay recently said.
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NODEs in sectors of talent, agriculture, small-medium businesses, can help close to 50-80 million additional Indians to find better-fit jobs, lead to 1.5x increase in farmers’ income
BENGALURU: As conversations around digital public infrastructure start to gain momentum, platformisation and National Open Digital Ecosystems (NODEs) can unlock economic opportunities worth $700 billion for India, according to a study by management consultancy BCG and impact investor Omidyar Network India (ONI).
Examples of NODEs in India include Aadhaar (or the India Stack project), Unified Payments Interface and Nandan Nilekani’s recently launched Open Credit Enablement Network (OCEN) which provides platformisation and opportunities for private firms to build on these ecosystems.
According to the BCG-ONI study, before 2030, 10 potential NODEs in sectors such as health, jobs and skilling, agriculture, justice and logistics, among others, can collectively create new value worth $500 billion, equivalent to 5.5% of India’s GDP and generate $200 billion in savings for the country.
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