TOUGH TIMES lie ahead for developedeconomies. The West is already bearing the brunt of another economic crunch and irate professionals have taken to the streets as a mark of protest. However, things  in the sub-continent may not seem as grim as in the West as hiring is moving at a snail’s pace but packages offered here are more competitive. The Times of India reported that in the forthcoming year, employers are being "cautiously optimistic" about the recruits as economy may sink anytime.

It is true that businesses should anticipate turbulent times, but the only bail-out sectors right now would be health care and education as these are the jobs, which help in making some big bucks. However, India like the last slump would fare better in all the sectors although private jobs are being laid off at present.

New jobs will be added but at a slower pace, confirmed E Balaji, global HR consultancy Ma Foi Randstad MD and CEO to India’s central news agency PTI, as reported by The Times of India. He further stated that the global economic uncertainty has impacted the Indian market, inspite of the positive sentiments displayed at the beginning of 2011.