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India – Metro cities to lead in job creation (LiveMint)

22 July 2021

Metro cities in India such as Bengaluru, Mumbai and Delhi are set to drive job creation in urban centres, reports LiveMint, citing a survey by staffing firm TeamLease Services. Jobs in sales and technology, particularly deep technology, are in high demand in top cities as companies look for both business continuity and growth. “Staffing depending on business requirement, will grow, but the pay disparity among permanent and skilled temporary jobs is narrowing,” Teamlease said. "Cities like Bengaluru, Chandigarh, Chennai, Delhi, Hyderabad, Mumbai and Kolkata are going to be the drivers of job creation as we are coming out of the second wave. This is because the reach of vaccination is high in these cities. So, revival will happen faster there," said Rituparna Chakraborty, executive vice-president and co-founder of Teamlease. IT, e-commerce, healthcare and education technology were among the sectors that remained largely unaffected by the pandemic. Others such as banking, finance and insurance, telecom, manufacturing and engineering were set to revive relatively quickly.

Meanwhile, fast-moving consumer goods (FMCG) and fast-moving consumer durables will take a few more months before showing signs of revival. Sectors such as retail, lifestyle and hospitality will take longer to recover, Chakraborty said.