Directions: Read the passage given below and choose the correct option.

Passage: The pace of recruitment has unmistakably picked up in the last few months. After two abysmal quarters, the business sentiment has turned positive. A flurry of hiring activity has been observed across the manufacturing sector and the IT and ITES sector catering to telecom and legal process outsourcing. The advent of new players and an aggressive expansion of telecom giants have seen a bullish outlook for the industry with a promise of exponential growth. But is the worst over for businesses across the spectrum? Firms are going back to the drawing board and dusting off their plans to see if there is scope for at least incremental hiring in specific domains where they want to build expertise. Besides that, there are few signs to show that there is a broad-based revival in the market. 

Many companies in the manufacturing sector have decided to reduce their fresh intake of employees next year.