India’s Workforce Projected to Expand by 4.7% in First Half of FY27
Mumbai, March 25 – India’s workforce is projected to expand by 4.7 per cent in the first half of fiscal year 2027, according to a report released on Wednesday. The growth is primarily fueled by expansion within key sectors including e-commerce, tech startups, healthcare, pharmaceuticals, and manufacturing.The report, issued by TeamLease Services, highlights a significant shift in employment growth dynamics. Large enterprises are leading the charge, with 74 per cent indicating plans for expansion, compared to 57 per cent of mid-sized firms and 38 per cent of small businesses. This suggests a recovery in employment growth driven by scale.
TeamLease Services’ Employment Outlook Report (EOR) for April-September FY27 indicates momentum across sectors. E-commerce and tech startups are leading the way, with a net employment change (NEC) of 8.9 per cent. Healthcare and pharmaceuticals are projected at 7 per cent, followed by manufacturing, engineering, and infrastructure at 6.6 per cent.
The overall net employment change is expected to reach 4.7 per cent during this period.
The report is based on insights gathered from 1,268 employers across 23 industries and 20 cities, collected between November 2025 and January 2026.
“India’s workforce dynamics are increasingly shaped by structural and policy-led shifts rather than cyclical demand,” said Balasubramanian A, Senior Vice President at TeamLease Services. “With the implementation of labour codes, 64 per cent of organizations report an increase in employment costs and 80 per cent are redesigning salary structures. Businesses are recalibrating workforce models to align with new statutory frameworks.”
Table: Sector Employment Change Projections (April-September FY27)
| Sector | Projected Net Employment Change (NEC) |
|---|---|
| E-commerce & Tech Startups | 8.9% |
| Healthcare & Pharmaceuticals | 7.0% |
| Manufacturing, Engineering & Infrastructure | 6.6% |
| Total | 4.7% |
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