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India’s companies to hire more than 500,000 new employees during 2012, say experts

The new year may bring in loads of cheers forjob-seekers in India, as the experts expect companies in the country to hire more than 500,000 new employees during 2012 despite the uncertainties prevailing about the overall economic scenario.

Adding to the cheers of the job market, the employees could expect double-digit salary hikes during 2012.

The Indian job market in 2011, felt the ripple effects of the global economic uncertainty, but emerged out of it rather strong, as companies adopted a "cautiously optimistic" approach and experts believe in the new year jobs will continue to be added, albeit at a slower pace.