Even if hiring is slowing down globally, a new study published on Friday claims that India’s formal employment market is recovering strongly due to increased demand across a range of businesses.

Indeed, a global job portal, reports that Indian job postings rose 8.9% in May, indicating a strong rebound following a short hiatus.

The growth shows the resilience and vibrancy of India’s labor market, which is still among the strongest in large countries and is still roughly 80% greater than it was prior to the outbreak.

India’s employment growth is being driven by the country’s shift to a more formal and structured economy.

“As the nation evolves, the formal sector continues to generate more jobs than the overall employment growth rate. According to Indeed’s APAC Senior Economist Callam Pickering, this consistent upward trend has put India’s economy ahead of many other global economies.

In around 80% of occupations, job postings have increased during the past three months, according to the report.

Childcare (up 27%), personal care and home health (25%), education (24%), and production & manufacturing (22%), which showed rising demand for both social and industrial services, had the most notable gains.

The software development sector, which continues to rule India’s formal job market, accounts for almost one in five Indeed job postings.

The study also emphasized the increasing demand for talent with generative AI skills.

As of May, 1.5% of all job postings in India mentioned generative AI, more than twice as many as the previous year.

Jobs associated to generative AI are starting to emerge in industries such as management, marketing, and scientific research, in addition to being focused on technology and data analytics.

Even though Maharashtra has the most jobs overall, regional hubs like Telangana and Karnataka have become crucial sites for generating AI opportunities.