Online hiring activity in India grew by two per cent in July compared to the year-ago period according to the Naukri JobSpeak index for July. The growth has been led by the IT-software sector, indicating signs of recovery in the job market.
Commentators suggest that the IT/software industry that witnessed layoffs in the previous quarter is now on the path of recovery with nine per cent year-on-year growth recorded in July 2017.
The banking/financial services (7 per cent), insurance (17 per cent) and automobiles (5 per cent) sectors also saw growth in July when compared to the previous year.
Naukri.com Chief sales officer V Suresh stated that the job market in India is showing signs of recovery, however, he added, “Having said that the market is still volatile and we can expect this to continue for few more months before it heads north.”
Staffing industry Analysts also report that the index for Delhi/NCR, Mumbai and Bengaluru grew by 12 per cent, 17 per cent and 12 per cent, respectively. While Chennai saw a fall of 10 per cent in hiring activity, Hyderabad recorded a 19 per cent increase during the same period.
Senior roles with experience requirement of 8-12 years and 13-16 years, both saw a four per cent growth in July while jobs for entry level jobseekers having 0-3 years of experience rose by one per cent in the same period. Meanwhile junior level roles with 4-7 years of experience witnessed a two per cent rise and Top management jobs with over 16 years of experience fell by one per cent in the same period.