There is that feel good factor now, says Mehra. There has been a lot of movement at top levels in the banking industry. Over 40 senior foreign bank executives are in the process of moving house in south-Mumbai, mostly as a result of job changes. Real estate agents too are smiling. Never mind last week s Cogentrix affair.
Foreign companies are still bullish on India.
That only means more investments and, naturally, more job opportunities. Recruitments in the financial services sector, though they do not and will not compare to the information technology and media businesses, are definitely on a high. This time, its quite different from 1997 when most of the work we did was replacement hiring. Over the last six months we have seen that hiring is being driven by expansion, says Sonal Agrawal Bali, director, ABC Search. Bali believes the current trend will hold.