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India – Hiring demand up in July, expected to continue

27 August 2015

There was an 11% increase in hiring activity in India in July 2015, compared with the same month last year, according to the Naukri Job Speak Index compiled by job board Naukri.com.

V. Suresh, Executive Vice President and Chief Sales Officer at Naukri.com, commented: “[The] job market continues to sustain the momentum gained in the first quarter with an impressive 11% year-on-year growth in July. Sectors like IT, Banking, and Pharma have been leading this growth for the past few months and we can expect the other sectors to pick up in the next six months or so. In my view the financial year 2015-16 will be a year to cheer for the jobseekers.”

The strongest hiring activity was in the Banking, Financial Services, and Insurance (BFSI) and Telecoms sectors, which reported rises of 50% and 27%, respectively, between July 2014 and July 2015.

The weakest hiring sentiment was weakest in the Oil & Gas and Real Estate sectors, which declined by 27% and 22%, respectively. Other sectors to report decreases were Automotive (15%) and BPO/IT enabled Services (5%).