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Despite uncertain economic conditions and low GDP growth, the overall hiring activity in India has moved at a stable rate, according to the latest research by job portal Naukri. In April, recruitment activities edged up with the index growing by +5% from the previous month. Year-on-year, there has been a +15% jump.
A number of sectors have experienced growth with the insurance industry posting the highest growth rate at +27% after noting declines for three consecutive months. The pharma and capital goods sector witnessed the lowest hiring in the month.
Hitesh Oberoi, CEO and MD of Info Edge India, which owns Naukri, said: “The first month of this finanacial year has started on a good note. Hiring seems to be picking up across sectors but it is too early to say whether this trend will sustain.”
A closer look at sector analysis shows that hiring is back on track in the banking and financial services, as well as the telecom and insurance industries, which all showed double-digit growth in the month. The Software Services, ITES, oil & gas and media have grown in the range of 6%-7%.
Sales, marketing and advertising professionals were most in demand during April, followed by ITES, accounts, HR and project management staff.