Bangalore: The recession has turned India a luring valley for job-seekers, with the country being the second fastest growing market and the companies here being bullish on hiring, unlike the other developed economies. A recent survey by Hewitt Associates (HEW) shows that more than 60 percent of companies in India are still hiring.

Despite the huge amounts of stimulus spending, many of the companies abroad are rescheduling the job structure by either removing it or by trying to adjust more work with less employees. The trillions of dollars that are being used in prime economies are mostly for projects that make no sense for a vast majority of white-collar workers, like what can a laid-off Wall Street banker do to rebuild roads and bridges? However, in India the scene differ as while the anxiety level remains high, 1 in 3 Indians is not worried about the economy at all. Many multi-national firms here are also bullish in the market, with PepsiCo (PEP) planning to spend $500 million. Universal Success Enterprises, a Singapore-based company, is injecting $17.5 billion in infrastructure projects while Norway's Telenor (TEL.BE) is investing $3.2 billion in Indian telecom. Over the next four years, Marriott International (MAR) also plans to build 24 new hotels in India and Panasonic (PC) is growing from 48 company-owned stores to 100.

The trend of growth is witnessed in Indian firms too. Firms like Reliance ADA Group, Bharti Airtel (BRTI.BO), the biggest wireless player in the country are expanding their presence. In terms of hiring, Indian Overseas Bank will be recruiting 1,200 people. Bartronics India, a technology firm, is setting up kiosks in New Delhi and has 6,000 positions. Insurance company LIC is planning to hire 45,000. South Indian Bank is opening 40 new branches and looking to hire 3,000.